Eightco to sell Ferguson Containers assets for $3.058M cash & note; needs shareholder OK

Eightco Holdings Inc.

Asset sale of Eightco subsidiary Ferguson Containers to Ferguson Containers LLC for $557,835 cash and a $2.5M seller note at 9.75%.
Seller note due Dec 31, 2034; monthly installments of $32,692.56 begin Jan 1, 2025.
Earnout of up to $250k each for achieving $1M EBITDA in 2024 and 2025; prorated between $900k and $1M.
Transaction conditioned on stockholder approval and a fairness opinion; closing expected by year-end 2024.
Buying parties include Edward Reichard and Derick Reichard; review period of 5 business days.

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