Eightco Holdings Inc. Files 8-K with Material Agreements and Equity Sales

TL;DR

Eightco 8-K: New debt, equity sales, and exec changes filed March 15. Watch closely.

AI Summary

Eightco Holdings Inc. announced on March 15, 2024, the entry into a material definitive agreement and the creation of a direct financial obligation. The company also reported on unregistered sales of equity securities and changes in its board and officer compensation. The filing details these events and includes financial statements and exhibits.

Why It Matters

This 8-K filing indicates significant corporate actions, including new financial obligations and equity transactions, which could impact the company's financial structure and shareholder value.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements, financial obligations, and unregistered equity sales, which can introduce financial and operational risks.

Key Players & Entities

• Eightco Holdings Inc. (company) — Registrant
• March 15, 2024 (date) — Date of earliest event reported
• Cryptyde, Inc. (company) — Former company name

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value OCTO The Nasdaq Stock Mar
• $5,000,000 — the " Lenders ") for an amount of up to $5,000,000. In connection with the Series D Agre
• $27.5 million — tes in an aggregate principal amount of $27.5 million (the " Seller Notes "). On March 17,
• $3.0 m — in an aggregate amount of approximately $3.0 million, (ii) convert approximately $1.1
• $1.1 million — 3.0 million, (ii) convert approximately $1.1 million of accrued interest on the Seller Notes
• $138,000 — gh the Separation Date in the amount of $138,000, less all lawful and authorized withhol
• $300,000 — alary payable at the annualized rate of $300,000 per year (the " Vassilakos Base Salary
• $40,000 — s in 2024 in the following amounts: (i) $40,000 in cash, paid quarterly in four install
• $0.82 — the Plan) on the date of grant and (y) $0.82 and (c) a five-year term, subject to th

Filing Documents

• form8-k.htm (8-K) — 77KB
• ex10-1.htm (EX-10.1) — 192KB
• ex10-2.htm (EX-10.2) — 51KB
• ex10-3.htm (EX-10.3) — 53KB
• ex10-4.htm (EX-10.4) — 24KB
• ex10-5.htm (EX-10.5) — 13KB
• ex10-6.htm (EX-10.6) — 40KB
• ex10-7.htm (EX-10.7) — 59KB
• ex10-8.htm (EX-10.8) — 117KB
• ex10-9.htm (EX-10.9) — 55KB
• ex99-1.htm (EX-99.1) — 13KB
• 0001493152-24-010198.txt ( ) — 1003KB
• octo-20240315.xsd (EX-101.SCH) — 3KB
• octo-20240315_lab.xml (EX-101.LAB) — 33KB
• octo-20240315_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

01

Item 7.01 Regulation FD Disclosure. On March 18, 2024, the Company issued a press release, attached hereto as Exhibit 99.1, announcing the appointment of Mr. Vassilakos as Executive Chairman and Chief Executive Officer, as well as the Note Amendment. The Company undertakes no obligation to update, supplement or amend the materials attached hereto as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by reference in such a filing. Furthermore, the furnishing of information under Item 7.01 of this Current Report on Form 8-K is not intended to constitute a determination by the Company that the information contained herein, including the exhibits hereto, is material or that the dissemination of such information is required by Regulation FD. Item 8.01 Other Events. On March 17, 2024, the Board approved grants of fully vested stock options in the aggregate amount of 451,560 shares of Common Stock to certain officers, employees and consultants of the Company, subject to the terms and conditions of the Plan and the form of the nonqualified stock option agreement. The Board also approved grants of fully vested stock options outside of the Plan in the aggregate amount of 648,110 shares of Common Stock to certain officers, employees and consultants of the Company, subject to the terms and conditions of the form of the nonqualified stock option agreement. On March 17, 2024, the Board approved compensation for services to be rendered by its independent directors in 2024 in the following amounts: (i) $40,

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 18, 2024 eightco holdings Inc. By: /s/ Paul Vassilakos Name: Paul Vassilakos Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR