Eightco Holdings Inc. Faces Delisting Concerns

TL;DR

Eightco (ETCO) is on the verge of being delisted, major red flag!

AI Summary

Eightco Holdings Inc. (formerly Cryptyde, Inc.) filed an 8-K on April 12, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The company was previously incorporated in Delaware and its fiscal year ends on December 31st. The filing indicates potential issues with its continued listing on a stock exchange.

Why It Matters

This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being removed from trading, impacting investors.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards indicates significant financial or operational problems that could lead to the stock becoming illiquid or worthless.

Key Players & Entities

• Eightco Holdings Inc. (company) — Registrant
• Cryptyde, Inc. (company) — Former company name
• April 9, 2024 (date) — Earliest event reported
• April 12, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• 101 Larry Holmes Drive Suite 313 Easton, PA 18042 (address) — Principal executive offices
• 888-765-8933 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value OCTO The Nasdaq Stock Mar
• $1.00 — th the minimum bid price requirement of $1.00 per share set forth in the Nasdaq Listi
• $2,500,000 — that the Company maintain a minimum of $2,500,000 in stockholders' equity (the "Minimum E

Filing Documents

• form8-k.htm (8-K) — 30KB
• 0001493152-24-014456.txt ( ) — 202KB
• octo-20240409.xsd (EX-101.SCH) — 3KB
• octo-20240409_lab.xml (EX-101.LAB) — 33KB
• octo-20240409_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

01 Notice of Delisting

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing As previously disclosed, on September 29, 2023, Eightco Holdings Inc. (the "Company") received a written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company was not in compliance with the minimum bid price requirement of $1.00 per share set forth in the Nasdaq Listing Rules (the "Minimum Bid Price Rule") based on the closing bid price of the Company's listed securities for the 31 consecutive business days from August 16, 2023 to September 28, 2023. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided 180 calendar days, or until March 27, 2024, to regain compliance with the Minimum Bid Price Rule. On March 28, 2024, the Company received a staff determination letter (the "Staff Determination Letter") from Nasdaq informing the Company that the Company had not regained compliance with the Minimum Bid Price Rule. The Staff Determination Letter noted that unless the Company requested an appeal of the staff's determination, the Company's securities would be scheduled for delisting from The Nasdaq Capital Market. On April 9, 2024, the Company received a second staff determination letter (the "Additional Staff Determination Letter") from Nasdaq indicating that the Company was also not in compliance with a requirement of the rules for continued listing on Nasdaq that the Company maintain a minimum of $2,500,000 in stockholders' equity (the "Minimum Equity Rule"). The Company has requested and been granted a hearing to appeal the staff's determination (the "Hearing"). The Hearing has been scheduled for May 28, 2024 and Nasdaq will consider the matter of noncompliance with the Minimum Equity Rule, in addition to that of the Minimum Bid Price Rule, at such Hearing. The appeal stays the delisting of the Company's securities, which will continue to be listed on the Nasdaq Capital Market pending the app

Forward-looking Statements

Forward-looking Statements: This Current Report on Form 8-K includes "forward-looking statements" as such term is defined in the Private Securities Litigation Reform Act of 1995. When used in this Current Report on Form 8-K, words such as "anticipate," "believe," "expect," "intend," and similar expressions, as they relate to the Company, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors which may not be in the control of the Company. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company has no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.

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: April 12, 2024 Eightco Holdings Inc. By: /s/ Paul Vassilakos Name: Paul Vassilakos Title: Chief Executive Officer