Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 11

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 11
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 fraudulent or unlawful use of customer, employee, or company data which could harm our reputation or result in
remedial and other costs, fines or lawsuits and require significant management attention and resources to be spent. In addition, our
insurance coverage and indemnification arrangements that we enter into, if any, may not be adequate to cover all the costs related to
cyber security attacks or disruptions resulting from such events.

Our
insurance coverage may not be adequate to cover all possible losses that we could suffer and our insurance costs may increase.

We
seek to maintain comprehensive insurance coverage at commercially reasonable rates. There can be no assurance that our insurance will
be sufficient to cover the full extent of all losses or liabilities for which we are insured, and we cannot guarantee that we will be
able to obtain insurance policies on favorable terms, or at all.

Our
management has limited experience in operating a public company.

Our
executive officers have limited experience in the management of a publicly traded company. Our management team may not successfully or
effectively manage its transition to a public company that will be subject to significant regulatory oversight and reporting obligations
under federal securities laws. Their limited experience in dealing with the increasingly complex laws pertaining to public companies
could be a significant disadvantage in that it is likely that an increasing amount of their time may be devoted to these activities,
which will result in less time being devoted to the management and growth of our business. We may not have adequate personnel with the
appropriate level of knowledge, experience and training in the accounting policies, practices or internal controls over financial reporting
required of public companies in the U.S. The development and implementation of the standards and controls necessary for us to achieve
the level of accounting standards required of a public company in the U.S. may require costs greater than expected. It is possible that
we will be required to expand our employee base and hire additional employees to support our operations as a public company, which will
increase our operating costs in future periods.

The
requirements of being a public company may strain our resources and distract management.

We
incur significant costs associated with our public company reporting requirements and costs associated with applicable corporate governance
requirements. These applicable rules and regulations are expected to significantly increase our legal and financial compliance costs
and to make some activities more time consuming and costly than those for privately owned companies that are not registrants with the
SEC. Compliance with these rules and regulations may divert management’s attention from other business concerns.

Our
business plan may require additional liquidity and capital