Eightco Completes Non-Dilutive Capital Raise and Second Debt Extension
Eightco Holdings Inc. (OCTO)
Company Research
Source: GlobeNewswire
$7.2 Million Debt Extension and $3.1 Million New Financing to Fuel Expansion Plans for 2025 Easton, PA, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that its wholly-owned subsidiary, Forever 8 Fund, LLC (“Forever 8”), completed a series of transactions with respect to its outstanding Series A, Series B, Series C and Series D promissory notes (the “Old Debt”) to create new Series A and Series C promissory notes (the “New Debt”) and retire the Old Debt. The transactions resulted in an extension of $7.2 million of existing debt and the raising of an incremental $3.1 million of debt to fund growth through the end of the fourth quarter of 2024 and into 2025. After giving effect to the foregoing transactions, Forever 8 has an aggregate of $10.3 million principal amount of New Debt. Forever 8 specializes in delivering inventory and cash flow management solutions to e-commerce businesses and refurbished Apple product r
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OCTO
News
- Eightco Completes Non-Dilutive Capital Raise and Second Debt Extension [Yahoo! Finance]Yahoo! Finance
- Eightco Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Eightco Announces $100 million Revenue Forecast – Releases 2025 Strategic PlanGlobeNewswire
- Eightco Regains Compliance with Nasdaq Listing RequirementsGlobeNewswire
OCTO
Sec Filings
- 12/20/24 - Form 8-K
- 12/10/24 - Form DEF
- 11/27/24 - Form PRE
- OCTO's page on the SEC website