secwatch.observer — SEC 8-K summary
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Issuer:     Eightco Holdings Inc. (ORBS)
CIK:        0001892492
Form:       8-K
Filed at:   2023-08-25T23:59:59+00:00
Accession:  0001493152-23-030253
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eightco subsidiary receives $100K loan from new lender Todd Kuimjian under existing facility
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- Forever 8 Fund, LLC, wholly owned subsidiary of Eightco, entered into Loan and Security Agreement with Todd Kuimjian on August 23, 2023.
- Kuimjian advanced $100,000 to the Borrower under same terms as original June 5, 2023 facility.
- Borrower issued a $100,000 promissory note to Kuimjian on same date.
- Original facility had $500,000 aggregate commitment; facility can be increased up to $5,000,000 with board approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223030253/0001493152-23-030253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223030253/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-030253

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