M&A - Eightco Holdings Inc.

Form Type: 10-K

Filing Date: 2025-04-15

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225004802

Filing Summary: Eightco Holdings Inc. focuses on growth through its acquisition strategy, particularly in the consumer product and inventory financing sectors. The company finalized the acquisition of Forever 8 Fund, LLC on October 1, 2022, enabling it to offer funding solutions for e-commerce platforms. Their operations are primarily centered around two businesses: the Forever 8 inventory management platform and the Corrugated Packaging Business, which produces custom packaging. The company has also entered into an Asset Purchase Agreement on November 22, 2024, for the sale of assets related to Corinthia Containers, seeking approval from shareholders for this transaction. For the fiscal year ending December 31, 2024, Forever 8 generated revenues of approximately $39.6 million and has plans for strategic market expansion. The company aims to enhance its revenue streams while adapting to changing market conditions and consumer preferences.

Form Type: 8-K

Filing Date: 2025-04-11

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225003747

Filing Summary: On April 7, 2025, Eightco Holdings Inc. completed the sale of certain assets of its wholly-owned subsidiary, Ferguson Containers, Inc., to an entity controlled by Edward Reichard and Derick Reichard. This sale was part of an Asset Purchase Agreement executed on November 22, 2024. The total purchase price for the assets included $557,835 in cash, a seller note worth $2,500,000 with a 9.75% annual interest, and potential earnout consideration based on achieving specified EBITDA milestones for 2024 and 2025. The press release related to this transaction was issued on April 11, 2025 and is attached as Exhibit 99.1.