Eightco subsidiary receives $650,000 in debt advances from Series B and C loan agreements

Eightco Holdings Inc.

Forever 8 Fund received $50,000 on Oct 6 and $50,000 on Oct 12 from Series B at 15% interest.
A subsequent lender advanced $50,000 on Oct 17 under the Series B joinder agreement.
Series C lender advanced $500,000 on Oct 19 at 18% interest.
Series B aggregate commitments can reach $5M; unused commitment fee is 5% per annum.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eightco Holdings Inc. entered into Series B Loan and Security Agreement with an individual (effective 2023-10-06).

Action: entry
Agreement: credit facility
Counterparty: an individual
Effective: 2023-10-06

Exact text from the filing

On October 6, 2023, the Company’s wholly owned subsidiary, Forever 8 Fund, LLC (the “Borrower”), entered into a Series B Loan and Security Agreement (the “Series B Agreement”) with an individual (the “Lender”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Eightco Holdings Inc. entered into Series C Loan and Security Agreement with an individual (effective 2023-10-19).

Action: entry
Agreement: credit facility
Counterparty: an individual
Effective: 2023-10-19

Exact text from the filing

On October 19, 2023, the Company’s wholly owned subsidiary, Forever 8 Fund, LLC (the “Borrower”), entered into a Series C Loan and Security Agreement (the “Series C Agreement”) with an individual (the “Lender”).

View on SEC.gov

622 material agreements filed in the last 30 days. Browse all material agreements →

Eightco Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-038158

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