Eightco Holdings Inc. (ORBS): debt financing — CEO Brian McFadden advances $100K to Eightco subsidiary under existing loan facility

Eightco Holdings Inc.

CEO Brian McFadden advanced $100,000 to Eightco subsidiary Forever 8 Fund, LLC on June 21, 2023.
The advance is under the same Loan and Security Agreement terms as the existing $500,000 facility.
A promissory note was issued to McFadden for the $100,000.
Loan matures June 30, 2024 (option to extend to Sept 30, 2024); interest rate 15% per annum.

item 1.01 item 2.03 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. incurred loan of $100,000 with Brian McFadden.

Instrument: loan
Principal: $100,000
Counterparty: Brian McFadden
Event: incurrence

Exact text from the filing

On June 21, 2023, the Company’s Chief Executive Officer, Brian McFadden, entered into the Agreement and advanced the Borrower $100,000 under the same terms. The Borrower issued Mr. McFadden a Promissory Note in the amount of $100,000 on this same date.

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

Eightco Holdings Inc. entered into Loan and Security Agreement with Brian McFadden valued at $100,000 (effective 2023-06-21).

Action: entry
Agreement: credit facility
Counterparty: Brian McFadden
Value: $100,000
Effective: 2023-06-21

Exact text from the filing

On June 21, 2023, the Company's Chief Executive Officer, Brian McFadden, entered into the Agreement and advanced the Borrower $100,000 under the same terms.

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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 0001493152-23-022621

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