Eightco shareholders approve issuance of >20% dilutive shares under March 2023 note

Eightco Holdings Inc.

Proposal to issue shares underlying convertible promissory note and warrant passed: 639,991 for, 175,521 against.
Issuance involves shares exceeding 20% of outstanding common stock, per Nasdaq Listing Rule 5635(d).
Adjournment proposal also passed: 628,686 for, 182,639 against.
Special meeting held August 25, 2023; company is emerging growth (ticker OCTO).

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Eightco Holdings Inc. shareholders approved Proposal to authorize issuance of shares in excess of 20% of outstanding common stock pursuant to March 2023 SPA at the 2023-08-25 meeting.

Outcome: passed
Meeting: 2023-08-25

Exact text from the filing

1. Proposal to authorize, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of shares of the Company’s Common Stock underlying a convertible promissory note and warrant issued by the Company pursuant to the terms of that certain Securities Purchase Agreement, dated March 15, 2023, by and between the Company and the investor named therein, in an amount equal to or in excess of 20% of the Company’s Common Stock outstanding immediately prior to the issuance of such convertible promissory note and warrant (the “March 2023 SPA Issuance Proposal”): For Against Abstain 639,991 175,521 18,191

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

Eightco Holdings Inc. shareholders approved Proposal to adjourn the special meeting to permit further solicitation of proxies at the 2023-08-25 meeting.

Outcome: passed
Meeting: 2023-08-25

Exact text from the filing

2. 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 March 2023 SPA Issuance Proposal: For Against Abstain 628,686 182,639 22,378

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Eightco Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-030210

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