secwatch.observer — SEC 8-K summary
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Issuer:     Eightco Holdings Inc. (ORBS)
CIK:        0001892492
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001493152-23-022621
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CEO Brian McFadden advances $100K to Eightco subsidiary under existing loan facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223022621/0001493152-23-022621-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223022621/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-022621

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