Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 0

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 0
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Our
company was established in 2021, initially composed of three businesses - the Web3 business, the BTC Mining Hardware Business and
the Corrugated Packaging Business, which we acquired from our former parent company, Vinco Ventures, Inc. (the “Former
Parent”). These businesses had a more extended operating history than ours, and we include information related to their
operations before our existence and acquisition in our discussions.

On
October 1, 2022, the Company completed the acquisition of Forever 8 Fund, LLC (“Forever 8”), an inventory capital and
management platform for e-commerce sellers. The Company’s business has since been focused primarily on the Corrugated
Packaging Business and the Inventory Cash Flow Solutions business of Forever 8.

Our
corporate headquarters are located in Easton, Pennsylvania, and our common stock is listed on the Nasdaq Capital Market under the symbol
“OCTO.”

Forever
8

On
October 1, 2022, the Company completed the acquisition of Forever 8. Forever 8 provides funding solutions
for e-commerce businesses which sell on Amazon, Shopify and other leading online platforms. Forever 8 uses proprietary technology to
review product sales data and determine funding potential for online retail entrepreneurs around the world. Forever 8’s process
is automated and does not require a personal guarantee, credit check or traditional lending requirements. Forever 8’s unique approach
directly purchases inventory on its customers’ behalf, applies a mark-up and collects the revenue as the products are sold. The
Company assumes the role of supplier and acts as a principal in these transactions, and therefore recognizes revenue on a gross basis.
At the time of entering into an agreement with the customer, Forever 8 takes title and assumes control of the inventory when it is purchased
from its customers or directly from suppliers. This includes the responsibility for managing the inventory. Forever 8 has full discretion
over the pricing of the inventory sold to its customers, established at the time of signing the agreement. Forever 8 also retains the
right to liquidate inventory, exercising pricing discretion, particularly if certain sales thresholds are not met, which could result
in selling below cost. Forever 8 is not entitled to incremental fees from vendor customers for unsold inventory but its pricing model
includes variable pricing based on aged inventory. The primary source of revenue is from the sale of inventory to its customers at a
markup. Under the terms of the agreement, Forever 8 does not have an option to put