{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-037736","form_type":"8-K","ticker":"ORBS","cik":"0001892492","company_name":"Eightco Holdings Inc.","filed_at":"2023-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.321417+00:00","generated_at":"2026-06-09T21:11:39.563211+00:00","sec_items":["2.05"],"event_type":"other_material","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Eightco Holdings cuts 6 jobs, estimates $0.3M charge; execs defer pay","bullets":["Workforce reduction of 6 employees across all areas, effective October 13, 2023.","Estimated one-time charge of $0.3 million in Q4 2023 for severance and outplacement.","CEO, CFO, and all directors have agreed to accrue all or portion of compensation until further notice.","Reduction aims to lower operating expenses and preserve capital for Forever 8 business expansion."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-037736","json":"https://secwatch.observer/filing/0001493152-23-037736.json","markdown":"https://secwatch.observer/filing/0001493152-23-037736.md","text":"https://secwatch.observer/filing/0001493152-23-037736.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1892492/000149315223037736/0001493152-23-037736-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1892492/000149315223037736/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T21:11:39.563211+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e224c7f1b6cb3f6034c254a66724852e46a5005","claim":"Eightco Holdings Inc. announced a restructuring with charges of approximately $0.3 million affecting all areas of the organization (6 employees).","evidence_excerpt":"or a portion, of their compensation until further notice. As a result of this reduction in force, the Company estimates that it will record a one-time charge of approximately $0.3 million in the fourth quarter of 2023. The charge that the Company expects to incur in connection with the reduction in force is subject to a number of assumptions, and actual","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1892492/000149315223037736/0001493152-23-037736-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $0.3 million"},{"label":"Affected area","value":"all areas of the organization"},{"label":"Headcount","value":"6 employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}