Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1190

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7
Chunk 1190
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 balance
sheet and will record stock-based compensation expense upon the closing of an asset based line of credit.

On December 31, 2024, the Company issued a total of 18,000 shares of common
stock fair valued at $53,600 at the time it was granted to a consultant. The Company recorded stock-based compensation expense for the
year ended December 31, 2024 of $53,600.

Common stock issuances during
the year ended December 31, 2023:

From January 1, 2023 through December 31, 2023, the
Company issued a total of 154,947 shares of common stock to a noteholder for repayment of principal valued at $7,743,333 based on the
conversion price set forth in the Note.

On
January 26, 2023, the Company issued a total of 4,110 shares of common stock to employees for services rendered on behalf of the Company
valued at $571,200 and previously expensed as stock-based compensation.

On
January 26, 2023, the Company issued a total of 540 shares of common stock to three directors for director compensation valued at $91,800
and previously expensed as stock-based compensation.

On
April 14, 2023, the Company issued 19,022 shares of common stock for broker dealers to investors for partial share ownership due to the
Company’s 2023 Reverse Stock Split.

On
September 22, 2023, the Company issued 30,000 shares to a consultant.

On
November 10, 2023, the Company issued 5,000 shares of its common stock to a consultant for services rendered on behalf of the Company.

During
the year ended December 31, 2023, the Company issued 508,893 shares of common stock upon the exercise of warrants.

As
of December 31, 2024 and 2023, the Company had 2,479,363 and 941,284 issued and outstanding shares of common stock, respectively.

Preferred
Stock: On January 17, 2023, the board of directors of the Company declared a dividend of one one-thousandth of a share of Series
A Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), for each outstanding share of the Company’s
common stock to stockholders of record at 5:00 p.m. Eastern Time on January 27,