---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-007844"
form_type: "8-K"
ticker: "ORBS"
cik: "0001892492"
company_name: "Eightco Holdings Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T01:07:22.272122+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cryptyde raises $5M via senior secured convertible note and warrants; conversion price $0.1249

## Summary
- Issued $5,555,000 senior secured convertible note (purchase price $5M) convertible at $0.1249/share; matures Jan 15, 2024; 18% interest on default.
- Issued warrant to purchase 44,475,581 shares at $0.1249/share; 5-year term; cashless exercise option.
- Placement agent receives $400,000 cash and warrant for 3,558,047 shares.
- Closing requires stockholder approval to increase authorized shares and amendment to existing subordination agreement.
- Note ranks senior to all other debt; covenants restrict additional debt, dividends, and share repurchases.

## SEC filing metadata
- accession: 0001493152-23-007844
- form_type: 8-K
- ticker: ORBS
- cik: 0001892492
- company_name: Eightco Holdings Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892492/000149315223007844/0001493152-23-007844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892492/000149315223007844/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-007844
- JSON: https://secwatch.observer/filing/0001493152-23-007844.json
- Plain text: https://secwatch.observer/filing/0001493152-23-007844.txt

## Key facts
- Debt Financings
  Eightco Holdings Inc. incurred convertible notes of $5,555,000 with accredited investor at 18% per annum upon the occurrence of an event of default maturing January 15, 2024.
  - Instrument: convertible notes
  - Principal: $5,555,000
  - Counterparty: accredited investor
  - Rate: 18% per annum upon the occurrence of an event of default
  - Maturity: January 15, 2024
  - Event: incurrence
  source text: On March 15, 2023, Cryptyde, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with an accredited investor (the “Investor”) for the issuance and sale of a Senior Secured Convertible Note with an initial principal amount of $5,555,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315223007844/0001493152-23-007844-index.htm
- Material Agreements
  Eightco Holdings Inc. entered into Securities Purchase Agreement with an accredited investor valued at $5,555,000 (effective 2023-03-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: an accredited investor
  - Value: $5,555,000
  - Effective: 2023-03-15
  source text: On March 15, 2023, Cryptyde, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with an accredited investor (the “Investor”) for the issuance and sale of a Senior Secured Convertible Note with an initial principal amount of $5,555,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315223007844/0001493152-23-007844-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.