Eightco Holdings Inc. (ORBS): debt financing — Cryptyde amends convertible note and warrants; conversion price set to $0.20, warrant exercise price to $0.001

Eightco Holdings Inc.

Conversion price of remaining note voluntarily adjusted to $0.20 per share.
Warrant exercise price adjusted to $0.001; warrant shares increased to 166,666,650 but waived above 111,000,000.
Holder agrees not to exercise over 75M warrants until March 2, 2023, unless VWAP falls below $0.22.
Company granted optional redemption right on note subject to no Equity Conditions Failure and sufficient resources.
Company must hold stockholder meeting by April 1, 2023 to increase authorized shares from 250M to 500M.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Eightco Holdings Inc. amended senior notes with an accredited investor.

Instrument: senior notes
Counterparty: an accredited investor
Event: amendment

Exact text from the filing

On January 6, 2023, Cryptyde, Inc. (the “Company”) entered into a Second Amendment Agreement (the “Amendment Agreement”) with an accredited investor (the “Investor”) to amend (i) that certain Securities Purchase Agreement dated as of January 26, 2022, as previously amended on July 28, 2022, by and between the Company and the Investor (the “SPA”), (ii) that certain Senior Secured Convertible Note, as previously amended on July 28, 2022 (the “Note”), issued pursuant to the SPA

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eightco Holdings Inc. amended Second Amendment Agreement with an accredited investor (the "Investor") (effective 2023-01-06).

Action: amendment
Agreement: equity purchase
Counterparty: an accredited investor (the "Investor")
Effective: 2023-01-06

Exact text from the filing

On January 6, 2023, Cryptyde, Inc. (the “Company”) entered into a Second Amendment Agreement (the “Amendment Agreement”) with an accredited investor (the “Investor”) to amend (i) that certain Securities Purchase Agreement dated as of January 26, 2022, as previously amended on July 28, 2022, by and between the Company and the Investor (the “SPA”), (ii) that certain Senior Secured Convertible Note, as previously amended on July 28, 2022 (the “Note”), issued pursuant to the SPA, (iii) that certain Registration Rights Agreement dated as of January 26, 2022, as previously amended on July 28, 2022, by and between the Company and the Investor (the “RRA”), and (iv) those certain warrants to purchase shares of the Company’s common stock (“Common Stock”) issued to the Investor pursuant to the SPA, as previously amended on July 28, 2022 (the “Warrants”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eightco Holdings Inc. entered into Waiver Agreement with BHP Capital NY, Inc. ("BHP") (effective 2023-01-06).

Action: entry
Agreement: equity purchase
Counterparty: BHP Capital NY, Inc. ("BHP")
Effective: 2023-01-06

Exact text from the filing

mendment Agreement requires the Company to enter into a waiver agreement (the “Waiver Agreement”) with BHP Capital NY, Inc. (“BHP”). Pursuant to the Amendment Agreement, the Waiver Agreement must limit (i) limit the number of shares of Common Stock

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222 debt financings filed in the last 30 days. Browse all debt financings →

Eightco Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-000761

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