Eightco Holdings Inc. (ORBS): M&A transaction — Eightco completes sale of Ferguson Containers for cash, $2.5M note, earnout

Eightco Holdings Inc.

Closed April 7, 2025; purchase price: $557,835 cash, $2.5M seller note at 9.75% interest, monthly payments of $32,692.56 starting May 1, 2025.
Additional earnout consideration up to $250,000 per year based on 2024 and 2025 EBITDA milestones.
Buyer is Reichard Corrugated Products, LLC, controlled by existing Ferguson management.
Sale aligns with Eightco's focus on core Forever 8 inventory capital platform.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Eightco Holdings Inc. completed a disposition involving Reichard Corrugated Products, LLC for (i) an aggregate of $557,835 in cash, (ii) $2,500,000 issued in the form of a seller note, which note bears interest at the rate of 9.75% per year, payable in e (closed 2025-04-07).

Action: disposition
Counterparty: Reichard Corrugated Products, LLC
Consideration: (i) an aggregate of $557,835 in cash, (ii) $2,500,000 issued in the form of a seller note, which note bears interest at the rate of 9.75% per year, payable in e
Closing: 2025-04-07

Exact text from the filing

constituting the business of Ferguson Containers, Inc., the Company’s wholly-owned subsidiary (the “Seller”). The purchase price for the Purchased Assets was (i) an aggregate of $557,835 in cash, (ii) $2,500,000 issued in the form of a seller note, which note bears interest at the rate of 9.75% per year, payable in equal monthly installments of $32,692.56

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Source: SEC EDGAR

accession 0001641172-25-003747

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