Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 53

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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, Pudgy Party (in partnership with Pudgy Penguins), and FIFA Rivals. The investment
aligns with the Company’s strategic roadmap to allocate up to 1% of its digital asset treasury toward venture-style investments
that advance authentication and identity verification technologies within the Worldcoin ecosystem. This investment strengthens the Company’s
position as the authentication and trust layer for the post-AGI economy, in coordination with Worldcoin’s Worldchain, a blockchain
designed for Proof of Human (PoH) verification and single sign-on. The Company anticipates that its collaboration with Mythical and the
World Foundation will accelerate the integration of verified digital identity solutions into gaming ecosystems and AI-driven platforms.

On October 31, 2025, the Compensation Committee of the Board of Directors
approved an increase of 7,500,000 shares reserved for issuance under the Company’s 2022 Long-Term Incentive Plan, bringing the total
authorized shares under the plan to a level below 19.99% of the Company’s outstanding common stock as of that date. The Committee
also authorized the filing of a Form S-8 registration statement to register the additional shares and approved grant awards totalling 877,500
shares or restricted stock units to directors, officers, and employees in recognition of their efforts related to the Company.

On October 27, 2025, the Company entered into an amended
and restated Sales Agreement (the “Cantor-Lafferty ATM Agreement”) with Cantor Fitzgerald & Co. (“Cantor”)
and R.F. Lafferty & Co., Inc. (“R.F. Lafferty”), amending the Lafferty ATM Agreement dated September 10, 2025. The amendment
adds Cantor as an additional sales agent and authorizes Cantor, acting as principal and/or sales agent, to offer and sell shares of the
Company’s common stock having an aggregate offering price of up to $2.7 billion. All other material terms of the Lafferty ATM Agreement
remain unchanged.

The Company has issued 10,570,644 shares of common stock under the Lafferty ATM and Cantor-Lafferty ATM Agreement
from October 1, 2025 through November 13, 2025 for net proceeds of $99,814,470.

29

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Unless
otherwise indicated, the terms “we,” “us