Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 78

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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 including the overall business, operations, strategic planning, growth initiatives, and industry trends in the digital
asset and technology sectors. Our dependence on this advisor exposes us to significant risks regarding the operation of our business.
If the advisor engages in fraudulent, negligent, or otherwise improper conduct, including regulatory violations, or suffers reputational
harm from unrelated activities, our business and the market perception of the Company could be materially and adversely affected. Further,
the advisor’s own operational, financial, and technological competencies will directly reflect on the operation of our business.
There may be key employees or key service providers that have a significant impact on our business that the advisor no longer employs
or has a relationship with, which could have a material and adverse impact on the operation of our business. Because certain decisions
may be influenced by this advisor’s recommendations, its misjudgments or conflicts of interest could lead to losses, strategic
errors, delays and loss of investment opportunities that may negatively impact our operations, token economics, and growth. We may have
limited ability to monitor or control the advisor’s activities or to recover damages if it fails to perform. Further, the advisor
in the strategic operating agreement is not bound by any time commitment for providing its services. If the advisor fails to advise effectively
because it is too busy or otherwise, we may not get the benefit of the services, which could cause a material and adverse impact on the
Company.

Risks
Related to Worldcoin

Opaque
governance, concentration of ownership, and a potential lack of meaningful separation between the World Foundation and Tools for Humanity
may create conflicts of interest; material decisions may be made to the detriment of third-party holders of WLD and could also adversely
affect the value of WLD and the Company.

Tools
for Humanity, a for-profit company, was created to develop and operate the core hardware and software behind the WLD protocol. It established
the World Foundation as a separate non-profit entity to steward the protocol. The World Foundation relies on Tools for Humanity for engineering,
product and operational execution and it may provide WLD as consideration for these services. According to Worldcoin’s blog, the
total supply of WLD when launched was 10 billion. Before launch, 75% of the total WLD were allocated to the World Foundation (the “WF
WLD”), and 25% of the total of WLD were allocated to Tools for Humanity, those individuals linked to the owners of Tools for Humanity,
and other early founders of Tools