Company: ORBS
Filing Date: 2025-04-11
Form Type: 8-K
Source: 0001641172-25-003747
Chunk: 0

Company: Eightco Holdings Inc.
Filing Date: 2025-04-11
Form: 8-K
Item: Item 2.01
Chunk 0
---
Item
2.01 Completion of Acquisition or Disposition of Assets.

As
previously disclosed, on November 22, 2024, Eightco
Holdings Inc. (the “ Company”) entered into an Asset Purchase Agreement (“ Purchase Agreement”) pursuant to which
the Company agreed to sell to an entity controlled by Edward Reichard and Derick Reichard (the “ Buyer’s Owners”) certain
assets (the “ Purchased Assets”) constituting the business of Ferguson Containers, Inc., the Company’s wholly-owned
subsidiary (the “ Seller”). The purchase price for the Purchased Assets was (i) an aggregate of $557,835 in cash, (ii) $2,500,000
issued in the form of a seller note, which note bears interest at the rate of 9.75% per year, payable in equal monthly installments of
$32,692.56 beginning on May 1, 2025 and will be due and payable in full on December 31, 2034, and (iii) the right to receive certain
earnout consideration upon the achievement of the following milestones: