Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 94

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 94
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a consultant for services performed related to investor relations. The Company recorded the fair value as prepaid expenses on
balance sheet and will amortize the expense ratably over 6 months. The Company recorded stock-based compensation expense for the
year ended December 31, 2024 of $171,000.

On
March 27, 2024, the Company issued 279,999 shares of common stock fair valued at $1,147,995 to satisfy a portion of the convertible notes
payable due to the sellers of Forever 8.

On
March 27, 2024, the Company issued 60,000 shares of common stock fair valued at the time it was granted of $216,000 to a consultant for
services performed related to Forever 8. The Company recorded the fair value as prepaid expenses on balance sheet and will amortize the
expense ratably over 12 months. The Company recorded stock-based compensation expense for the year ended December 31, 2024 $108,000, respectively.

On
March 27, 2024, the Company issued 51,220 shares of common stock fair valued at $216,000 to the independent board of directors to satisfy
deferred amounts due for services performed.

    F-25

EIGHTCO
HOLDINGS INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

For
the Years ended December 31, 2024 and 2023

19.
STOCKHOLDERS’ EQUITY (continued)

On
March 27, 2024, the Company issued 173,171 shares of common stock fair valued at $710,000 to investors related to proceeds received in
a private investment in a public entity.

On
March 27, 2024, the Company issued 50,434 shares of common stock fair valued at $206,799 to satisfy the cash settlement warrants assumed
in the Forever 8 acquisition.

On
March 27, 2024, the Company issued 24,195 shares of common stock fair valued at $99,199 to certain former Forever 8 security holders,
pursuant to the settlement agreements by and among the Company and certain former Forever 8 security holders, as consideration for the
immediate termination of the Company’s obligation to deliver such to the former Forever 8 security holders the consideration provided
for in the MIPA. The Company recorded the fair value as a reduction of the convertible notes payable – related parties.

On