secwatch.observer — SEC 8-K summary
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Issuer:     Eightco Holdings Inc. (ORBS)
CIK:        0001892492
Form:       8-K
Filed at:   2023-12-05T23:59:59+00:00
Accession:  0001493152-23-043733
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eightco subsidiary Forever 8 Fund closes $2M Series C and $50K Series B advances, subordination agreement executed
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- Forever 8 Fund received $50,000 advance under Series B from a subsequent lender on October 24, 2023.
- Between October 25 and November 22, 2023, five lenders advanced $2,000,000 total under the Series C loan agreement.
- Series B lenders subordinated their debt, security interests, and payment rights to the Series C lenders via a Subordination Agreement.
- The Subordination Agreement restricts any payment or enforcement on Series B until all Series C senior debt (including interest, premiums) is fully repaid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223043733/0001493152-23-043733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892492/000149315223043733/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-043733

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