---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018032"
form_type: "8-K"
ticker: "ORBS"
cik: "0001892492"
company_name: "Eightco Holdings Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:54:04.579193+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Eightco cancels Forever 8 earnout worth up to $37M, expects equity boost of $7M+

## Summary
- Sellers irrevocably waived right to earnout consideration of up to $37M or 7M preferred units.
- Earnout fair valued at $6.1M; cancellation effective as of March 17, 2024.
- Company expects cancellation to improve shareholder equity by over $7M.
- CEO Paul Vassilakos stated cancellation strengthens balance sheet and capital structure.

## SEC filing metadata
- accession: 0001493152-24-018032
- form_type: 8-K
- ticker: ORBS
- cik: 0001892492
- company_name: Eightco Holdings Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1892492/000149315224018032/0001493152-24-018032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1892492/000149315224018032/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018032
- JSON: https://secwatch.observer/filing/0001493152-24-018032.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018032.txt

## Key facts
- Material Agreements
  Eightco Holdings Inc. amended Amendment to Membership Interest Purchase Agreement with Forever 8 Fund, LLC, the Sellers, and Paul Vassilakos valued at $37,000,000 (effective 2024-05-06).
  - Action: amendment
  - Agreement: asset purchase
  - Counterparty: Forever 8 Fund, LLC, the Sellers, and Paul Vassilakos
  - Value: $37,000,000
  - Effective: 2024-05-06
  source text: On May 6, 2024, Eightco Holdings Inc. (the “Company”) entered into an amendment (the “Amendment”) to the previously disclosed Membership Interest Purchase Agreement, dated September 14, 2022 (the “MIPA”), by and among the Company, Forever 8 Fund, LLC (“Forever 8”), the members of Forever 8 set forth on the signature pages thereto (the “Sellers”) and Paul Vassilakos, in his capacity as representative of the Sellers.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1892492/000149315224018032/0001493152-24-018032-index.htm

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