Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 95

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 95
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March 28, 2024, the Company issued 14,634 shares of common stock fair valued at $60,000 to certain holders of the Series D Loan and Security
Agreement. The Company recorded the fair value as interest expense on statement of comprehensive income (loss). The Company recorded
interest expense for the year ended December 31, 2024 of $60,000.

On
April 9, 2024, the Company issued a total of 10,000 shares of common stock fair valued at $40,000 at the time it was granted to a consultant.
The Company recorded the fair value as prepaid expenses on balance sheet and will amortize the expense ratably over 4.5 months. The Company
recorded stock-based compensation expense for the year ended December 31, 2024 of $40,000.

On
April 9, 2024, the Company issued a total of 15,000 shares of common stock fair valued at $53,250 at the time it was granted to a consultant.
The Company recorded the fair value as prepaid expenses on balance sheet and will amortize the expense ratably over 4 months. The Company
recorded stock-based compensation expense for the year ended December 31, 2024.

On
April 10, 2024, the Company issued 17,835 shares of common stock valued at $55,289 to satisfy a portion of the outstanding severance
due to a former employee.

On August 8, 2024, the Company held a special meeting of stockholders to
approve a proposal to amend the Company’s Certificate of Incorporation to effect the 2024 Reverse Stock Split at a ratio of 1-for-5.
The Company reduced its shares by 1,825 shares of common stock due to fractional shares after the Reverse Stock Split.

On
August 8, 2024, the Company filed an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware
to effectuate the 2024 Reverse Stock Split.

On December 19, 2024, the Company entered into a third
amendment to the Seller Notes originally issued in connection with the acquisition of Forever 8 (the “December 2024 Seller Notes
Amendment”). Pursuant to the terms of this amendment, the holders of the Seller Notes, who are considered related parties, agreed
to convert approximately $1,600,000 of accrued interest into 485,381