Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 236

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 236
---
 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 31, 2024 of $40,000.

On
April 9, 2024, the Company issued a total of 15,000 shares of common stock fair valued at $53,250 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 months. The Company
recorded stock-based compensation expense for the year ended December 31, 2024.

On
April 10, 2024, the Company issued 17,835 shares of common stock valued at $55,289 to satisfy a portion of the outstanding severance
due to a former employee.

On August 8, 2024, the Company held a special meeting of stockholders to
approve a proposal to amend the Company’s Certificate of Incorporation to effect the 2024 Reverse Stock Split at a ratio of 1-for-5.
The Company reduced its shares by 1,825 shares of common stock due to fractional shares after the Reverse Stock Split.

On
August 8, 2024, the Company filed an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware