Eightco Holdings Inc

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Eightco Holdings, Inc. is a publicly traded holding company that operates in the consumer products and e-commerce markets, focusing on developing and deploying innovative technology and capital solutions to empower small to medium-sized businesses. It executes this mission by investing in its subsidiaries, Forever 8 and Ferguson Containers, helping them drive production innovation and expansion into new and exciting markets. The company was founded in 1966 and is headquartered in Easton, PA.

Quarter Driven by Corporate Actions for NASDAQ Compliance and Building Operational Foundation for Long Term Growth Third quarter 2024 net loss of ($3.2) million compared to net loss of ($3.5) million for the prior year quarter, due to better gross margins Third quarter 2024 revenues of $7.7 million compared to $23.3 million for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the previously outstanding convertible note Successfully Met NASDAQ Compliance requirements to maintain NASDAQ listing Easton, PA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced financial results for the three months ended September 30, 2024. Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC (“Forever 8”), the Company's largest subsidiary, said “The Company continues to focus on prioritizing the Forever 8 business in providing inventory capital for e-commerce sellers and refurbished Apple product sellers.

Eightco Announces Third Quarter 2024 Financial Results

Miami, Florida--(Newsfile Corp. - October 8, 2024) - Eightco Holdings Inc. (NASDAQ: OCTO) provides complete inventory funding and management solutions for e-commerce businesses in consumer goods and refurbished Apple products. Through its wholly owned subsidiary, Forever 8 Fund LLC ("Forever 8"), Eightco supports e-commerce sellers by purchasing inventory on their behalf, enabling them to use their capital to grow their brands without the financial strain of maintaining stock.

CEO Spotlight: Eightco Holdings Inc. CEO Discusses His Company's Innovative E-Commerce Solutions

Improved Financial Condition Allows Focus on Revenue Growth & Profitability Easton, PA, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) is pleased to provide an update to its shareholders regarding its achievements year to date and 2025 initiatives.

Eightco Announces $100 million Revenue Forecast – Releases 2025 Strategic Plan

Easton, PA, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's minimum bid price requirement (the “Bid Price Requirement”) set forth in Nasdaq Listing Rule 5550(a)(2), as well as Nasdaq's stockholders' equity requirement (“Equity Requirement”) set forth in Nasdaq Listing Rule 5550(b)(1).

Eightco Regains Compliance with Nasdaq Listing Requirements

Easton, PA, June 04, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that Forever 8 Fund, LLC (“Forever 8”), a subsidiary of Eightco, will attend ITC Malta 2024, the premier global networking event for the new and used mobile devices and accessories industry.

Eightco's Forever 8 to attend ITC Malta 2024

Quarter Driven by Capital Restructuring to Prioritize Financial Stability for Long-Term Revenue Growth. First quarter 2024 net income of $4.9mn versus net loss of $49.9mn for the prior year quarter, due to better operating performance and elimination of warrant losses related to a retired convertible note First quarter 2024 revenues of $9.6mn versus $15.9mn for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the convertible note Easton, PA, May 16, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced financial results for the three months ended March 31, 2024.

Eightco Announces First Quarter 2024 Financial Results

Easton, PA, May 07, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that the former owners (“F8 Members”) of Forever 8 Fund, LLC (“Forever 8”) have agreed, effective as of March 17, 2024, to cancel their right to receive certain earnout consideration provided for under the September 2022 Membership Interest Purchase Agreement between the Company and Forever 8 (“Earnout”) whereby the Company acquired Forever 8. The Earnout was fair valued at $6.1 million and had a potential cash value of up to $37 million.

Eightco Announces the Cancellation of the Forever 8 2022 Merger Earnout Consideration

Easton, PA, April 17, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”), today announced that its subsidiary, Forever 8 Fund LLC (“Forever 8”), is expanding the products for which it will provide inventory capital. In addition to operating in the broader e-Commerce market, Forever 8 is already a significant player in the refurbished smartphone market, providing inventory capital for sellers in the space, largely focused on the Apple iPhone. Due to customer demand, Forever 8 is now expanding its product offering into other refurbished Apple products including iPads, AirPods, the Apple Watch and the iPad Pencil.

Eightco Announces Product Expansion in Forever 8's Apple Products Business

Easton, PA, April 02, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”), who's subsidiaries provide inventory capital for e-commerce sellers as well as manufacturing solutions for product and packaging needs, today announced financial results for the fiscal year ended December 31, 2023.

Eightco announces Full-Year 2023 Financial Results

Easton, PA, March 18, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”) today announced that Paul N. Vassilakos has been named as the Company's Executive Chairman and Chief Executive Officer. Kevin O'Donnell, who served as the Company's Executive Chairman since October 2021 and Interim Chief Executive Officer for the last month, will remain a member of the Board of Directors (the “Board”). Brian McFadden, a member of the Company's Board who had previously served as the Company's Chief Executive Officer, will be resigning from the Board.

Eightco announces Paul Vassilakos as Executive Chairman and Chief Executive Officer and Certain Balance Sheet Improvements

Easton, PA, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company”) today announced that it has, ahead of schedule, made its final repayment pursuant to the Prepayment and Redemption Agreement, dated as of October 23, 2023, by and between the Company and Hudson Bay Master Fund Ltd. (“Hudson Bay”) in remaining principal due under the Senior Secured Convertible Note (the “Hudson Bay Note”) issued to Hudson Bay in March 2023. In addition to lowering debt levels, the repayment of the Hudson Bay Note now gives the Company the ability to attract efficient capital to grow its subsidiary, Forever 8 Fund, LLC (“Forever 8”).

Eightco announces early repayment of debt, private placement and certain changes at the parent company level

Safety Harbor, Florida, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company”) is pleased to unveil a Prepayment and Redemption Agreement (the “Agreement”) with an accredited investor (“Investor”), signifying a noteworthy milestone in our journey. This agreement, effective as of October 23, 2023, marks progression in the transformation of our financial structure.

Eightco Holdings Inc. Achieves Prepayment and Redemption Agreement with respect to Certain Outstanding Senior Secured Convertible Notes and Warrants

SAFETY HARBOR, Florida, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings, Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”), announced today that its participation at the H.C. Wainwright 25th Annual Global Investment Conference, held September 11-13, 2023, provided Eightco with a platform to attract attention from industry leaders.

Eightco Holdings Captures Investors' and Management's Attention at the H.C. Wainwright 25th Annual Global Investment Conference

SAFETY HARBOR, Florida, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”) announced today it will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference, held September 11-13, 2023, at the Lotte New York Palace Hotel in New York City. The Company's leadership team, including CEO Brian McFadden and CFO Brett Vroman, along with other key executives, will be in attendance during the presentation and will be available for one-on-one meetings throughout the conference.

Eightco Holdings Inc. to Attend H.C. Wainwright 25th Annual Global Investment Conference September 11-13, 2023

SAFETY HARBOR, Florida, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”) announced today that Mobi-Hub Funding (“Mobi-Hub Funding”), its joint venture between Eightco's wholly owned subsidiary, Forever 8 Fund, LLC (“Forever 8”) and Mobi-Hub Ltd. (“Mobi-Hub”), is participating as an exhibitor at the renowned IFA Berlin Show 2023. This event provides an exclusive platform for Mobi-Hub Funding to spotlight its innovative solutions.

Mobi-Hub Funding (Powered by Forever 8) to Showcase Innovative Solutions and Expand Business Prospects at IFA Berlin Show 2023

SAFETY HARBOR, Florida, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”), a leading technology-driven e-commerce company, is pleased to highlight recent accomplishments and key milestones. The Company is committed to innovation and industry excellence and continues to position itself for sustained growth and success.

EIGHTCO HOLDINGS INC. HIGHLIGHTS RECENT ACCOMPLISHMENTS AND KEY MILESTONES

Eightco Holdings (NASDAQ: OCTO ) stock is getting a boost on Wednesday after the blockchain company increased its guidance for the full year of 2023. Specifically, the company raised its revenue guidance for the year to $73 million.

OCTO Stock Alert: Eightco Holdings Hikes 2023 Revenue Guidance

SAFETY HARBOR, Florida, June 21, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”) announced today that it is raising its revenue guidance for fiscal year 2023. The Company now expects to generate $73 million in revenue, representing over a 20% increase over its previous guidance of $60 million.

Eightco Holdings Inc. Raises Revenue Guidance to $73 Million for Fiscal Year 2023

SAFETY HARBOR, Florida, June 14, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”), a leader in the e-commerce inventory solutions space, is pleased to announce the successful launch of Mobi-hub Funding (“Mobi-hub Funding”), the joint venture between Forever 8 Fund, LLC (“Forever 8”), a subsidiary of Eightco, and Mobi-hub Ltd. (“Mobi-hub”), at the prestigious ITC 2023 Malta. This event, which is known as the EU's leading used and refurbished mobile phone and electronics conference, was the launch platform for showcasing each of Forever 8 and Mobi-hub's innovative solutions and expanding the client base for these two players in the mobile phone and electronics industry.

Eightco's Forever 8 and Partner Mobi-hub Celebrate Successful Joint Venture at ITC Malta 2023

Non- Dillutive ABL Credit Facility to Fuel Growth SAFETY HARBOR, Florida, June 06, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO), a leader in the e-commerce inventory solutions space is pleased to announce a milestone in its growth journey. The company has successfully closed an asset-based lending facility (ABL) from several investors, including members of its management team and the visionary founders of Forever 8.

Eightco Holdings Inc. Secures Asset Based Lending Facility for Forever 8

Safety Harbor, FL, May 31, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) (“Eightco” or the “Company”) announced today that Mobi-hub Funding (“Mobi-hub Funding”), the joint venture of Forever 8 Fund, LLC (“Forever 8”), a subsidiary of Eightco, and Mobi-hub Ltd. (“Mobi-hub”), will serve as a headline sponsor for the ITC Malta 2023, a top-tier global conference for new and used mobile devices and accessories. This is the first event Mobi-hub Funding will participate in since the announcement of the joint venture.

Eightco's Forever 8 and Partner Mobi-hub to Serve as a Headline Sponsor for the ITC Malta 2023

Safety Harbor, FL, May 25, 2023 (GLOBE NEWSWIRE) -- Forever 8, a subsidiary of Eightco Holdings Inc. (NASDAQ: OCTO) announced today the launch of Mobi-hub Funding, a strategic initiative created in collaboration with client Mobi-hub Ltd. The new partnership targets inventory management solutions within the burgeoning refurbished mobile phone market.

Forever 8 and Mobi-hub Ltd. Announce Strategic Partnership for the Refurbished Mobile Phone Industry

SAFETY HARBOR, Florida, May 17, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) announced today that its subsidiary, Forever 8, has renewed and expanded an Inventory Management Agreement (IMA) with Mobi-hub Ltd. (Mobi-hub), a prominent electronics distributor that specializes in premium refurbishment of electronics, most notably, mobile devices. The IMA will guide existing business activities for the upcoming year, as well as provide additional growth opportunities that stand to benefit both companies in the future.

Eightco's Forever 8 Signs Inventory Management Agreement with Prominent Electronics Distributor Mobi-hub

Institutional investors from a cross the country will be in attendance SAFETY HARBOR, Florida, May 02, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) announced today the kick-off of its non-deal roadshow (NDRs) for institutional investors in the United States. As previously disseminated on April 10th, 2023, the event will be hosted by a large institutional investment firm and provide attendees with a comprehensive understanding of the company's business model as it is expected to apply to existing and future shareholders.

Eightco Holdings Inc. Non-Deal Roadshow Begins Today

SAFETY HARBOR, Florida, April 17, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ: OCTO) today provided a corporate update in conjunction with the filing of its Annual Report, on Form 10-K for the year ended December 31, 2022.

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