other_material
confidence high
sentiment positive
materiality 0.95
Eightco raises $270M to buy Worldcoin (WLD) as treasury asset; Dan Ives named Chairman
Eightco Holdings Inc.
- Closed $270M private placement ($1.46/sh) including $20M from BitMine; proceeds to acquire WLD for treasury.
- Executed $200M Master Loan Agreement at 8% to fund initial WLD purchases; Worldcoin (WLD) primary reserve asset.
- Paul Vassilakos resigned as officer/director; Dan Ives (Wedbush MD) appointed Chairman with $100K cash + $200K stock annually.
- Entered consulting agreement with Worldcoin Tower LLC; fee 1% of AUM up to $1B, plus milestone payments.
- Issued Strategic Advisor Warrants to Worldcoin Tower Instant for 9.9M shares at $1.752; placement agent warrants to R.F. Lafferty.
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