Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 723

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 723
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 limits the extent to which the Company can segregate incompatible
    duties and has a lack of controls in place to ensure that all material transactions and developments impacting the financial statements
    are reflected. There is a risk under the current circumstances that intentional or unintentional errors could occur and not be detected.

Management’s
Report on Internal Control over Financial Reporting

Management
is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Rule 13a-15(f) under
the Exchange Act.

Because
of its inherent limitations, internal control over financial reporting is not intended to provide absolute assurance that a misstatement
of our financial statements would be prevented or detected. Under the supervision of our Chief Executive Officer and Chief Financial
Officer, the Company conducted an evaluation of the effectiveness of our internal control over financial reporting as of December 31,
2024 using the criteria established in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission (“COSO”) (2013 Framework).

A
material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on
a timely basis. In our assessment of the effectiveness of internal control over financial reporting as of December 31, 2024, we determined
that there were control deficiencies existing that constituted a material weakness.

As
a result, our Chief Executive Officer and Chief Financial Officer concluded that the Company did not maintain effective internal
control over financial reporting as of December 31, 2024 based on criteria established in Internal Control — Integrated
Framework issued by COSO (2013 Framework).

41

This
Annual Report does not include an attestation report of the Company’s independent registered public accounting firm regarding internal
controls over financial reporting because this is not required of the Company pursuant to Regulation S-K Item 308(b).

Changes
in Internal Control over Financial Reporting

During
the year ended December 31, 2024, there were no changes in our internal control over financial reporting that materially affected, or
that are reasonably likely to materially affect, our internal control over financial reporting.

ITEM
9B. OTHER INFORMATION

During the quarter ended December 31, 2024, no director or officer adopted
or terminated any (i) “Rule 10b5-1 trading arrangement,” as defined in Item 408(a) of Regulation S-K