Company: ORBS
Filing Date: 2025-12-01
Form Type: DEF 14A
Source: 0001493152-25-025615
Chunk: 38

Company: Eightco Holdings Inc.
Filing Date: 2025-12-01
Form: DEF 14A
Chunk 38
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, by applicable law, the charter, the Company’s Bylaws or applicable stock exchange rules, a different vote is required, in which case such provision shall govern and control the decision of such matter. Holders of shares of Common Stock are entitled to receive dividends, as and if declared by the board of directors out of legally available funds. Upon the liquidation or dissolution of the Company, the holders of shares of Common Stock are entitled to share ratably in those of Company’s assets that are legally available for distribution to Company stockholders after payment of liabilities and subject to the prior rights of the holders of preferred stock then outstanding.

Reasons for the Amendment to the Charter

The Board believes approval of the amendment is in the best interests of the Company and its stockholders. The authorization of additional shares of Common Stock will allow the Company to explore opportunities for strategic transactions that could result in the issuance of Common Stock, including equity capital raises (including, but not limited to, possible further sales of the ATM Shares (as defined below), as they arise or as the Company’s needs require. The Company is currently a party to an amended and restated Sales Agreement (the “A&R Sales Agreement”) with Cantor Fitzgerald & Co. (“Cantor”) and R.F. Lafferty & Co., Inc., pursuant to which A&R Sales Agreement, the Company, from time to time, may issue and sell to or through Cantor, acting as principal and/or the sole designated sales agent, shares of Common Stock (the “ATM Shares”) having an aggregate sales price of up to $2,700,000,000. The Company, through November 13, 2025, has sold approximately 10.57 million ATM Shares for gross proceeds of approximately $100 million. Although the Company frequently reviews various transactions, the Company has no commitment to issue additional shares of its Common Stock whether pursuant to the A&R Sales Agreement or any other agreements.

The Board also considered certain risks of the amendment. The issuance of additional shares of Common Stock for which authorization is sought may have a dilutive effect on earnings per share and on the equity and voting power of existing security holders of the Company’s capital stock. It may also adversely affect the market price of the Common Stock. However, if the issuance of additional shares of Common Stock allows the Company to pursue its business plan and grow its business, the market price of the Common Stock may increase.

While not intended as an anti-takeover provision, the additional shares of Common Stock for which authorization