debt
confidence high
sentiment positive
materiality 0.75
Eightco restructures Forever 8 debt: $10.3M new debt, extends $7.2M, converts $1.6M interest to shares
Eightco Holdings Inc.
- Converted $1.6M accrued interest on Seller Notes into 485,381 shares at $3.23/share; payments deferred to Oct 2025.
- Raised $10.3M incremental debt from new/existing lenders; repaid $950K of old loans.
- New Series A debt: $2.75M, 15% interest, matures June 30, 2025 (extendable to Sept 30).
- New Series C debt: $11M, 15% interest, matures June 30, 2025 (senior to Series A).
- Debt restructuring extended $7.2M of existing obligations; funds earmarked for e-commerce inventory growth.