Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 43

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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5% of net proceeds for working capital and general corporate purposes.

From time to time the Company has elected to purchase other digital assets
(Ethereum, USDC and USDT).

Pre-Funded Warrants issued on September 9, 2025
permit the holders to purchase up to 6,646,855 shares of common stock at an exercise price of $0.001 per share. Proceeds received from
these Pre-Funded Warrants totalled $9,697,761, which were recorded in additional paid-in capital. No Pre-Funded Warrants were exercised
during the three or nine months ended September 30, 2025.

In connection with the Purchase Agreement, on
September 8, 2025 the Company engaged R.F. Lafferty & Co., Inc. (“R.F. Lafferty”) as placement agent. Compensation consisted
of:

●A cash fee equal to 2.5% of aggregate gross proceeds raised, and

●Placement Agent Warrants equal to 2.5% of the number of Securities sold (subject to exclusions), with
an exercise price of $1.752 per share.

On the Closing Date, the Company issued to the
placement agent and its representatives Placement Agent Warrants to purchase up to 3,855,822 shares. The warrants are exercisable for
cash or cashless exercise for five years from issuance.

Strategic Advisor Agreement and Strategic Advisor
Warrants

On September 9, 2025, the Company entered into
a Strategic Advisor Agreement with Worldcoin Tower Instant LLC. As consideration, the Company issued Strategic Advisor Warrants equal
to 5% of fully diluted common shares outstanding as of the Closing Date.

On the Closing Date, the Company issued Strategic
Advisor Warrants to purchase up to 9,917,844 shares of common stock at an exercise price of $1.752 per share. These warrants are exercisable
on a cash or cashless basis and expire seven years from issuance, had a fair value of $9,917,844 and are expensed on a straight-line basis over the requisite service period.

Seller Note Termination Agreement

On September 8, 2025, the Company entered into
a Seller Note Termination Agreement with the holders of the convertible seller notes originally issued in the 2022 acquisition of Forever
8 Fund. The holders converted the remaining outstanding principal and accrued interest of $23,957,599 into 800,000 shares of common stock.
Upon