Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 713

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 713
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 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
March 28, 2024, the Company issued 14,634 shares of common stock fair valued at $60,000 to certain holders of the Series D Loan and Security
Agreement. The Company recorded the fair value as interest expense on statement of comprehensive income (loss). The Company recorded
interest expense for the year ended December 31, 2024 of $60,000.

On
April 9, 2024, the Company issued a total of 10,000 shares of common stock fair valued at $40,000 at the time it was granted to a consultant.
The Company recorded the fair value as prepaid expenses on balance sheet and will amortize the expense ratably over 4.5 months. The Company
recorded stock-based compensation expense for the year ended December