Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 42

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 the the foreign-derived intangible income (“FDII “) and global intangible low-taxed income (“GILTI”) regimes.

The Company evaluated the impact of the legislation
on its consolidated financial statements, including deferred tax assets and liabilities, and incorporated the effects of the enacted changes
in these condensed consolidated financial statements for the period ended September 30, 2025, consistent with ASC 740-10-45-15. The Company
expects the corporate rate reduction and other provisions to have a favorable impact on its effective tax rate beginning in fiscal 2026.

    24

EIGHTCO
HOLDINGS INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

20.
STOCKHOLDERS’ EQUITY

Common Stock

The Company is authorized to issue 500,000,000
shares of common stock, par value $0.001 per share. the Company had 187,260,971 and 2,479,363 shares of common stock issued and outstanding
as of September 30, 2025 and December 31, 2024), respectively.

Preferred Stock

As of September
30, 2025 and December 31, 2024, the Company had 0 issued and outstanding shares of Series A Preferred Stock, respectively.

September 2025 Securities Purchase Agreement
(“PIPE Transaction”)

On September 8, 2025, the Company entered into
a Securities Purchase Agreement (the “Purchase Agreement”) with multiple institutional and accredited investors (collectively,
the “Purchasers”). Pursuant to the Purchase Agreement, and subject to the satisfaction of conditions precedent, the Company
agreed to sell up to $270.0 million of securities consisting of:

●Common Stock at $1.46 per share, and

●Pre-Funded Warrants with a $0.001 exercise price.

On September 9, 2025 (the “Closing Date”),
the Company issued:

●178,284,653 shares of common stock, and

●Pre-Funded Warrants to purchase 6,646,855 shares of common stock.

The Company received
net proceeds of approximately $261
million, after deducting placement agent fees and offering expenses. Under the Purchase Agreement, the Company agreed to apply net
proceeds to:

●Acquire Worldcoin (WLD) and establish a corporate WLD treasury program.

●Pay transaction fees and expenses.

●Allocate up to