8-K
filed March 16, 2023, 7:59 PM ET
ticker ORBS
CIK 0001892492
other material
confidence high
sentiment neutral
materiality 0.60
Cryptyde stockholders approve doubling authorized shares to 500M and reverse stock split up to 1:50
Eightco Holdings Inc.
- Special meeting on March 15, 2023: authorized common shares increased from 250M to 500M.
- Reverse stock split authorized at board's discretion; ratio range 1:2 to 1:50.
- Share increase vote: 13.66B for, 11.38B against, 160M abstain.
- Reverse split vote: 15.16B for, 9.77B against, 274M abstain.
- Certificate of Amendment filed March 16, 2023; board immediately effected share increase.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Eightco Holdings Inc.: Increased authorized shares of common stock from 250,000,000 to 500,000,000 and correspondingly increased total authorized capital stock (effective 2023-03-16).
- Change
- charter amendment
- Effective
- 2023-03-16
Exact text from the filing
filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) with the Secretary of State of Delaware to increase the number of authorized shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) from 250,000,000 to 500,000,000 and to make a corresponding change to the number of authorized shares of capital stock, effective as of 4:05 p.m. (New York time) on March 16, 2023 (the “Increase of Authorized Shares”)
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Eightco Holdings Inc. shareholders approved approve an amendment to the Certificate of Incorporation to authorize the Board, at the Board's discretion, to increase the number of authorized shares of the Company's Common Stock from 250,000,000 to 500,000,000 and to make a corresponding change to the number of authorized shares of capital stock at the 2023-03-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-03-15
Exact text from the filing
1. Proposal to approve an amendment to the Certificate of Incorporation to authorize the Board, at the Board's discretion, to increase the number of authorized shares of the Company's Common Stock from 250,000,000 to 500,000,000 and to make a corresponding change to the number of authorized shares of capital stock (the "Share Increase Proposal"): For Against Abstain 13,658,410,368 11,384,760,387 160,121,359
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Eightco Holdings Inc. shareholders approved to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Share Increase Proposal or the Reverse Stock Split Proposa at the 2023-03-15 meeting.
- Proposal
- reverse split
- Outcome
- passed
- Meeting
- 2023-03-15
Exact text from the filing
3. Proposal to adjourn the Special Meeting to a later date or dates, if necessary or appropriate, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Share Increase Proposal or the Reverse Stock Split Proposal: For Against Abstain 13,799,069,540 11,012,882,227 391,340,347
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
Eightco Holdings Inc. shareholders approved approve an amendment to the Certificate of Incorporation to effect, at the discretion of the Board but prior to the one-year anniversary of the date on which the reverse stock split is approved by the Company's stockholders, a reverse stock split of all of the outstanding shares of Common Stock at a at the 2023-03-15 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-03-15
Exact text from the filing
2. Proposal to approve an amendment to the Certificate of Incorporation to effect, at the discretion of the Board but prior to the one-year anniversary of the date on which the reverse stock split is approved by the Company's stockholders, a reverse stock split of all of the outstanding shares of Common Stock at a ratio in the range of 1-for-2 to 1-for-50, with such ratio to be determined by the Board in its discretion and included in a public announcement (the "Reverse Stock Split Proposal"): For Against Abstain 15,158,213,939 9,771,377,350 273,700,825
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.