Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 110

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 110
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,683) 
     (47,685)
  
    Financing Activities 
     329,618,207  
     (1,707,834)
  
    Net increase (decrease) in cash and restricted cash 
    $23,473,276  
    $(2,841,384)

Cash
Flows for the Nine Months Ended September 30, 2025 and 2024

Operating
Activities

Net
cash used in operating activities was 1,279,248 during the nine months ended September 30, 2025, which consisted primarily of the
net loss of $29,562,461 impacted by noncash items related to gain on divestiture of 1,231,774 offset depreciation and amortization
of $1,764,410, amortization of debt issuance costs of $750,000, shared-based compensation of $2,476,906, change in fair value of
digital assets of $18,639,017 and changes in assets and liabilities of $5,884,654.

Net
cash (used in) operating activities was ($1,085,865) during the nine months ended September 30, 2024, which consisted primarily of net
income of $3,212,482, depreciation and amortization of $1,831,064, amortization of debt issuance costs of $1,087,750, and changes in
assets and liabilities of $5,830,511 offset largely by gain on extinguishment of liabilities of $7,427,193 and gain on forgiveness of
earnout of $6,100,000.

Investing
Activities

Net
cash used in investing activities was $304,865,683 during the nine months ended September 30, 2025 compared to $47,685 for the
nine months ended September 30, 2024. The increase in net cash used in investing activities is largely attributable to the purchase of digital assets related to our Digital Asset Treasury strategy.

Financing
Activities

Net
cash provided by financing activities was $329,618,207 during the nine months ended September 30, 2025 compared to net cash used in
financing activities of $1,707,834 for the nine months ended September 30, 2024. The change was largely attributable to the PIPE and
ATM transactions that general net proceeds for $329,852,895 through the issuance of common stock..

The
Company did not have any off-b