Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 66

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 66
---
1 million outstanding under these facilities and additional availability to support
ongoing inventory purchases.

Digital
Assets as Liquidity

Certain
digital assets—particularly U.S. dollar-denominated stablecoins—function as near-cash liquidity sources and may be converted
to U.S. dollars as needed.

Uses
of Liquidity

Digital
Asset Purchases

We
deployed a substantial portion of PIPE and ATM proceeds to acquire digital assets totaling $287 million at fair value as of period end.

Forever
8 Inventory Funding

Forever
8 uses liquidity to support inventory purchasing activities on behalf of e-commerce merchants. These requirements are funded through:

●Operating
                                            cash flows

●Digital
                                            asset conversions

●Borrowings
                                            under the Forever 8 Facilities

Operating
and Corporate Needs

Liquidity
is also used to support routine corporate expenses, personnel, professional fees, vendor obligations, and other working capital needs.

Subsequent
Events Affecting Liquidity

Subsequent
to September 30, 2025, we (i) acquired additional digital assets of approximately $71 million. We also (ii) issued $[●] million
of equity under the ATM. These subsequent events do not change our conclusion regarding liquidity sufficiency for the next 12 months.

Future
Liquidity Considerations

Our
liquidity in future periods will be influenced by:

●The
                                            fair value of digital assets held under the DAT Strategy

●Market
                                            conditions affecting potential capital raises

●Working
                                            capital needs of Forever 8

●Digital
                                            asset market liquidity and volatility

●Regulatory
                                            developments affecting digital asset custody, trading, and classification

●Broader
                                            macroeconomic conditions impacting e-commerce demand

Based
on current conditions, we believe our liquidity resources are sufficient to support both our operating business and Digital Asset Treasury
Strategy for at least the next twelve months.

37

Cash
Flows

Since
inception, Eightco and its subsidiaries have primarily used its available cash to fund its operations. The following table sets forth
a summary of cash flows for the periods presented:

    For the Nine Months Ended September 30, 

    2025  
    2024 
  
    Cash (used in) provided by: 

    Operating Activities 
    $(1,279,248) 
    $(1,085,865)
  
    Investing Activities 
     (304,865,683) 
     (47,685)