Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 45

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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. On August 26, 2025, the Company provided notice to the Agent of its election to terminate the 2024 ATM Agreement.
Pursuant to the Sales Agreement, the termination becomes effective five (5) days from the date of the notice.

Under the 2024 ATM Agreement, the Company sold 692,890 shares of common
stock for net proceeds of $2,422,910. The Company utilized the net proceeds from the sale of shares of common stock pursuant to the 2024
ATM Agreement for working capital and general corporate purposes.

Common
stock issuances during the nine months ended September 30, 2025:

On
January 21, 2025, the Company issued 485,381
shares of common stock fair valued at $713,511
to satisfy accrued interest to debt holders.

On
March 31, 2025, the Company issued 80,000
shares of common stock fair valued at $143,201
as settlement of a liability associated with prior period services performed by a consultant related to investor
relations.

On September 8, 2025,
the Company issued 145,600
shares of common stock fair valued at $211,120
and received proceeds of $36,400
related to the exercise of existing warrants.

On September 9, 2025,
the Company issued 178,284,653
shares of common stock fair valued at $260,295,594
related to the PIPE.

On September 15, 2025,
the Company issued 800,000
shares of common stock fair valued at $1,168,000
related to the Seller Note Termination Agreement.

During September 2025,
the Company issued 4,985,974
shares of common stock fair valued at $69,640,147
related to the Lafferty ATM Agreement.

Board
Agreements

On
September 8, 2025, Daniel Ives was appointed Chairman of the Board. In connection with his appointment, the Company entered into a Board
of Directors Agreement that provides for the following compensation:

Under
the Director Agreements, each Director:

●Entitled
                                            to an annual cash retainer of $100,000, paid quarterly.

●Eligible
                                            to receive equity compensation valued at up to $200,000 per year, which may be issued quarterly
                                            in the form of common stock, restricted stock, or restricted stock units (“RSUs”)
                                            subject