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Eightco Holdings Inc. (NASDAQ:ORBS) announced Monday that it has amended and restated its existing sales agreement to add Cantor Fitzgerald & Co. as an additional sales agent. The agreement, originally entered into with R.F. Lafferty & Co., Inc. on September 10, 2025, allows the company to issue and sell shares of its common stock with an aggregate sales price of up to $2.7 billion.
According to the company’s statement, under the amended and restated sales agreement, Eightco Holdings may, from time to time, issue and sell shares of its common stock, par value $0.001 per share, to or through Cantor Fitzgerald and R.F. Lafferty, acting as principal or as designated sales agents. The material terms and conditions of the original sales agreement otherwise remain unchanged. InvestingPro analysis indicates the company currently trades above its Fair Value, with a concerning current ratio of 0.3, suggesting potential liquidity challenges.
The shares to be sold under the agreement will be issued pursuant to Eightco Holdings’ automatic shelf registration statement on Form S-3, which was filed with the Securities and Exchange Commission on September 10, 2025, and includes an “at the market offering” prospectus. On Monday, the company filed an additional prospectus supplement with the SEC in connection with the offer and sale of shares under the amended agreement. This supplement includes updated disclosures regarding risk factors and business operations.
The company stated that this filing does not constitute an offer to sell or a solicitation of an offer to buy any shares in any jurisdiction where such an offer or sale would be unlawful prior to registration or qualification under applicable securities laws.
This information is based on a statement in a filing with the Securities and Exchange Commission.
In other recent news, Eightco Holdings Inc. announced a strategic investment in Mythical Games’ Series D financing round, aligning with its strategy to allocate up to 1% of its treasury assets toward venture-style investments in authentication technologies. The transaction is expected to close next week. Additionally, Eightco launched a pilot program focused on AI authentication for enterprise customers, aiming to address identity and verification challenges as companies scale their AI operations. This initiative includes strategic investments and partnerships, such as a "first-of-its-kind Worldcoin treasury," to develop a universal framework for digital identity and authentication. Furthermore, the World network, a project of Eightco, surpassed 17 million verified humans, adding over 2 million users in just three weeks. This growth is part of Eightco’s ’Power of 8’ initiative, which targets acquiring 800 million Worldcoin tokens and verifying 8 billion humans. Since the launch of its Worldcoin treasury strategy, the company has added over 1.9 million verified humans, aiming for 100 million verified humans within the next year.
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