---
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"
generated_at: "2026-06-09T21:11:39.563211+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Eightco Holdings cuts 6 jobs, estimates $0.3M charge; execs defer pay

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.05
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-037736
- JSON: https://secwatch.observer/filing/0001493152-23-037736.json
- Plain text: https://secwatch.observer/filing/0001493152-23-037736.txt

## Key facts
- Restructurings & Charges
  Eightco Holdings Inc. announced a restructuring with charges of approximately $0.3 million affecting all areas of the organization (6 employees).
  - Type: restructuring
  - Charge: approximately $0.3 million
  - Affected area: all areas of the organization
  - Headcount: 6 employees
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315223037736/0001493152-23-037736-index.htm

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