---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-029843"
form_type: "8-K"
ticker: "ORBS"
cik: "0001892492"
company_name: "Eightco Holdings Inc."
filed_at: "2023-08-22T23:59:59+00:00"
generated_at: "2026-06-11T05:48:00.032190+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Eightco Holdings subsidiary borrows $200k from director Kevin O'Donnell and Joseph Johnston

## Summary
- Forever 8 Fund subsidiary borrowed $100k each from director Kevin O'Donnell and Joseph Johnston under existing Loan and Security Agreement.
- Loans made on Aug 16-17, 2023; bear 15% annual interest; due June 30, 2024 (extendable to Sept 30, 2024).
- Each lender received a Promissory Note for the $100k principal amount.
- Aggregate facility can increase to $5M with board and Eightco board approval.

## SEC filing metadata
- accession: 0001493152-23-029843
- form_type: 8-K
- ticker: ORBS
- cik: 0001892492
- company_name: Eightco Holdings Inc.
- filed_at: 2023-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892492/000149315223029843/0001493152-23-029843-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892492/000149315223029843/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-029843
- JSON: https://secwatch.observer/filing/0001493152-23-029843.json
- Plain text: https://secwatch.observer/filing/0001493152-23-029843.txt

## Key facts
- Debt Financings
  Eightco Holdings Inc. incurred loan of $100,000 with Kevin O’Donnell at same terms (as previously reported Agreement) maturing same terms (as previously reported Agreement).
  - Instrument: loan
  - Principal: $100,000
  - Counterparty: Kevin O’Donnell
  - Rate: same terms (as previously reported Agreement)
  - Maturity: same terms (as previously reported Agreement)
  - Event: incurrence
  source text: On August 17, 2023, Kevin O’Donnell, a Company director, entered into the Agreement and advanced the Borrower $100,000 under the same terms.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315223029843/0001493152-23-029843-index.htm
- Debt Financings
  Eightco Holdings Inc. incurred loan of $100,000 with Joseph Johnston at same terms (as previously reported Agreement) maturing same terms (as previously reported Agreement).
  - Instrument: loan
  - Principal: $100,000
  - Counterparty: Joseph Johnston
  - Rate: same terms (as previously reported Agreement)
  - Maturity: same terms (as previously reported Agreement)
  - Event: incurrence
  source text: On August 16, 2023, Joseph Johnston entered into the Agreement and advanced the Borrower $100,000 under the same terms.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315223029843/0001493152-23-029843-index.htm
- Material Agreements
  Eightco Holdings Inc. entered into Agreement with Joseph Johnston valued at $100,000 (effective 2023-08-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Joseph Johnston
  - Value: $100,000
  - Effective: 2023-08-16
  source text: .01 Entry into a Material Definitive Agreement As previously reported on the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on June 5,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315223029843/0001493152-23-029843-index.htm
- Material Agreements
  Eightco Holdings Inc. entered into Agreement with Kevin O’Donnell valued at $100,000 (effective 2023-08-17).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Kevin O’Donnell
  - Value: $100,000
  - Effective: 2023-08-17
  source text: On August 17, 2023, Kevin O’Donnell, a Company director, entered into the Agreement and advanced the Borrower $100,000 under the same terms.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315223029843/0001493152-23-029843-index.htm

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