secwatch.observer — SEC 8-K summary
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Issuer:     Eightco Holdings Inc. (ORBS)
CIK:        0001892492
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001641172-25-003747
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eightco completes sale of Ferguson Containers for cash, $2.5M note, earnout
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1892492/000164117225003747/0001641172-25-003747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1892492/000164117225003747/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-003747

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer