secwatch.observer — SEC 8-K summary
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Issuer:     Eightco Holdings Inc. (ORBS)
CIK:        0001892492
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001493152-23-038158
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223038158/0001493152-23-038158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223038158/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038158

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