Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 19

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 19
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 the future, which could make it difficult for another company to acquire us or could otherwise
adversely affect holders of our common stock, which could depress the price of our common stock.

Our
Certificate of Incorporation authorizes us to issue one or more series of preferred stock. Our board of directors has the authority to
determine the preferences, limitations and relative rights of the shares of preferred stock and to fix the number of shares constituting
any series and the designation of such series, without any further vote or action by our stockholders. Our preferred stock could be issued
with voting, liquidation, dividend and other rights superior to the rights of our common stock. The potential issuance of preferred stock
may delay or prevent a change in control of us, discouraging bids for our common stock at a premium to the market price, and materially
adversely affect the market price and the voting and other rights of the holders of our common stock.

On
January 19, 2023, the Company filed a Certificate of Designation with the Delaware Secretary of
State for its Series A Preferred Stock. The number of shares designated is three hundred thousand (300,000).

The
trading price of our securities will likely be, and continue to be, volatile and you could lose all or part of your investment.

The
trading price of our securities could be volatile and subject to wide fluctuations in response to various factors, some of which are
beyond our control, including but not limited to our general business condition, the release of our financial reports and general economic
conditions and forecasts. Broad market and industry factors may materially harm the market price of our securities irrespective of our
operating performance. The stock market in general, and Nasdaq, have experienced price and volume fluctuations that have often been unrelated
or disproportionate to the operating performance of the particular companies affected. The trading prices and valuations of these stocks,
and of our securities, may not be predictable. A loss of investor confidence in the market for the stocks of other companies which investors
perceive to be similar to us could depress our stock price regardless of our business, prospects, financial conditions or results of
operations. A decline in the market price of our securities also could adversely affect our ability to issue additional securities and
our ability to obtain additional financing in the future. Any of these factors could have a material adverse effect on our stockholders’
investment in our securities, and our securities may trade at prices significantly below the price they paid for them