Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 81

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 liquidity of the
Company, and our financial condition, which could have a substantial impact on the value of the Company’s common stock.

Worldcoin’s
credibility and direction are heavily tied to founder Sam Altman and other key employees. WLD tokens may represent a substantial portion
of these individuals’ wealth, which concentrates influence and creates uncertainty over how personal decision, priorities and sales
might hurt the ecosystem.

Worldcoin’s
credibility is heavily dependent on the reputation of founder Sam Altman, in addition to its founding team and key early contributors
that include, but are not limited to, Alex Blania, Max Novendstern, Adrian Ludwig, Damien Kieran and Ajay Patel. The departure, diminished
participation, or reputational issues of these individuals could disrupt governance, slow development, or weaken market confidence of
WLD and the Company. In addition, their concentrated token holdings create the possibility of significant market impact should the insiders
choose to make announcements, share information, sell or transfer positions. In particular, to the extent that Sam Atman, believed to
be a large holder of WLD, or other of the key early contributors make personal decisions or priorities that do not support WLD or that
the market does not perceive as favorable to WLD, this could have an adverse impact on the ecosystem, the value of our treasury assets
and our stock price. Even if the project transitions to a decentralized autonomous organization, a small number of “whale”
holders could dominate votes, frustrating efforts to build an open, community-driven model.

45

Early
token allocations could create long-term misalignment between insiders seeking liquidity and community members seeking network stability.
All of these factors could create significant friction in the growth of the WLD ecosystem, which could have an adverse impact on the
value of the Company’s common stock.

Liquidity
of WLD is not guaranteed, and WLD could be subject to manipulation.

Adequate
liquidity of WLD is not guaranteed. Venues that offer WLD trading may not be transparent about their liquidity and order flow, and they
may be subject to limited regulations. These factors may create opportunities for manipulative practices, such as wash trading, pump
and dump schemes and other means of artificial price support. Limited independent oversight makes it difficult to assess whether price
discovery is organic or influenced by external factors, which could have an adverse impact on the value and reputation of WLD.

In
addition, the illiquidity of WLD