secwatch.observer — SEC 8-K summary
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Issuer:     Eightco Holdings Inc. (ORBS)
CIK:        0001892492
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001493152-24-010198
Event type: leadership
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eightco Holdings Announces Series D Financing, Seller Notes Amendment, and CEO Change
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- Entered Series D Loan and Security Agreement for up to $5,000,000 through subsidiary Forever 8 Fund.
- Sellers forgave $3.0M accrued interest on $27.5M Seller Notes and converted $1.1M into 1.4M shares of common stock.
- Kevin O'Donnell resigned as Executive Chairman and Interim CEO; Paul Vassilakos appointed as Executive Chairman and CEO.
- Board granted fully vested stock options for 451,560 shares under Plan and 648,110 shares outside Plan.
- Independent directors to receive $40,000 cash, 42,500 restricted shares, and 100,000 stock options each.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892492/000149315224010198/0001493152-24-010198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892492/000149315224010198/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-010198

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