Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 161

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 161
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 other companies which investors
perceive to be similar to us could depress our stock price regardless of our business, prospects, financial conditions or results of
operations. A decline in the market price of our securities also could adversely affect our ability to issue additional securities and
our ability to obtain additional financing in the future. Any of these factors could have a material adverse effect on our stockholders’
investment in our securities, and our securities may trade at prices significantly below the price they paid for them. In such circumstances,
the trading price of our securities may not recover and may experience a further decline.

18

Anti-takeover
provisions contained in our Certificate of Incorporation and Bylaws, as well as provisions of Delaware law, could impair a takeover attempt.

Eightco’s
Certificate of Incorporation, Bylaws and Delaware law contain provisions
that are intended to deter coercive takeover practices and inadequate takeover bids by making such practices or bids unacceptably expensive
to the bidder and to encourage prospective acquirers to negotiate with Eightco’s board of directors rather than to attempt a hostile
takeover. These provisions include, among others:

    ●
    rules
    regarding how stockholders may present proposals or nominate directors for election at stockholder meetings;

    ●
    the
    right of Eightco’s board of directors to issue preferred stock without stockholder approval;

    ●
    the
    ability of Eightco’s directors, and not stockholders, to fill vacancies (including those resulting from an enlargement of the
    board of directors) on Eightco’s board of directors;

    ●
    the
    division of Eightco’s board of directors into three classes of directors, with each class serving a staggered term; and

    ●
    a
    provision that directors serving on a classified board may be removed by stockholders only for cause.

In
addition, Eightco is subject to Section 203 of the Delaware General Corporation Law (the “DGCL”). Section 203 provides that,
subject to limited exceptions, persons that (without prior board approval) acquire, or are affiliated with a person that acquires, more
than 15 percent of the outstanding voting stock of a Delaware corporation shall not engage in any business combination with that corporation,
including by merger, consolidation or acquisitions of additional shares, for a three-year period following the date on which that person
or its affiliate becomes the holder of more than 15 percent of the corporation’s outstanding voting stock.

19

Eightco