Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 1
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 or sell unsold inventory back to vendor customers.

In
the fiscal years ended December 31, 2024 and 2023, Forever 8 had revenue of $39,621,272 and $67,568,353, respectively.

Corrugated
Packaging Business

The
Corrugated Packaging Business, through Ferguson Containers, manufactures and sells custom packaging for a wide variety of products.
In our experience, packaging has the capability to “tell” the products story, generating increased product awareness,
promote brand image, and drive unit growth. Senior management has more than 100 years of combined experience marketing, producing
and delivering packaging materials. A hallmark of our operation is our quick production cycle. We can often begin a production run
within minutes of receipt of an order. Many of our products are manufactured from 100% post-consumer recycled material. When
production is complete, we typically ship the product using our own trucks rather than relying on a common carrier. Ferguson
Containers does not have long-term agreements with its customers, and instead manufactures and sells its packaging products subject
to purchase orders from its customers.

On November 22, 2024, we entered into an Asset Purchase Agreement (the “APA”) among Ferguson Containers,
Ferguson Containers, LLC (the “Buyer”) and Edward Reichard and Derick Reichard (the “Buyer’s Owners” and
together with the Buyer, the “Buying Parties”). Pursuant to the APA, we agreed to sell certain assets (the “Purchased
Assets”) constituting the business of Ferguson Containers to the Buyer. The purchase price for the Purchased Assets will be (i)
an aggregate of $557,835 in cash, (ii) $2,500,000 issued in the form of a seller note and (iii) the right to receive certain earnout consideration
upon the achievement of certain milestones.

In December 2024, our shareholders approved the transactions contemplated by the APA and we are in the process of
seeking to consummate such transactions.

In
the fiscal years ended December 31, 2024 and 2023, the Corrugated Packaging Business had revenue of $6,823,277 and $7,729,131,
respectively.

5

Business
Strategy

Eightco is committed to driving revenue growth primarily through
Forever 8. The Company intends to expand Forever 8’s market reach through strategic expansion while continuing to focus on revenue
growth. Forever 8 generates revenue through the