Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 952

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 5
Chunk 952
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Agent or (ii) by the Agent, at any time in its sole discretion by giving written notice to the Company.

As
of December 31, 2024, the Company had sold 692,890 shares of common stock for net proceeds of $2,422,910 under the ATM Agreement.

Common
stock issuances during the year ended December 31, 2024:

On
January 30, 2024, the Company issued 11,247 shares of common stock fair valued at $34,866 to satisfy a portion of the outstanding severance
due to the former employee.

On
February 28, 2024, the Company issued 15,500 shares of common stock fair valued at $48,050 to satisfy a portion of the outstanding severance
due to the former employee.

On
March 6, 2024, the Company issued 25,779 shares of common stock fair valued at $105,693 to satisfy outstanding fees for services
performed due to the consultant.

On
March 19, 2024, the Company issued 60,000 shares
of common stock fair valued at the time it was granted of $171,000 to
a consultant for services performed related to investor relations. The Company recorded the fair value as prepaid expenses on
balance sheet and will amortize the expense ratably over 6 months. The Company recorded stock-based compensation expense for the
year ended December 31, 2024 of $171,000.

On
March 27, 2024, the Company issued 279,999 shares of common stock fair valued at $1,147,995 to satisfy a portion of the convertible notes
payable due to the sellers of Forever 8.

On
March 27, 2024, the Company issued 60,000 shares of common stock fair valued at the time it was granted of $216,000 to a consultant for
services performed related to Forever 8. The Company recorded the fair value as prepaid expenses on balance sheet and will amortize the
expense ratably over 12 months. The Company recorded stock-based compensation expense for the year ended December 31, 2024 $108,000, respectively.

On
March 27, 2024, the Company issued 51,220 shares of common stock fair valued at $216,000 to the independent board of directors to satisfy
deferred amounts due for services performed.

    F-25

EIGHTCO