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Eightco Holdings Inc. - OCTO STOCK NEWS

Welcome to our dedicated page for Eightco Holdings news (Ticker: OCTO), a resource for investors and traders seeking the latest updates and insights on Eightco Holdings stock.

Eightco Holdings Inc. (NASDAQ: OCTO) is a multifaceted company with a primary focus on providing smart inventory solutions and custom packaging services. The company is structured into three main business segments: Forever 8 Inventory Cash Flow Solution, the Web3 Business, and the Packaging Business.

The Forever 8 Inventory Cash Flow Solution is a key part of Eightco’s Inventory Management Solutions segment. This segment is focused on purchasing inventory for e-commerce retailers, thereby ensuring consistent cash flow and operational efficiency for their clients. This innovative solution allows businesses to scale without the financial strain of upfront inventory costs.

Although Eightco initially explored opportunities in the Web3 space, the company currently has no plans to continue this line of business. Instead, their primary focus remains on the other two segments where they have proven success.

The Packaging Business of Eightco is involved in the manufacturing and sale of custom packaging solutions. This segment serves a wide variety of product needs and helps businesses enhance brand awareness through high-quality, custom-designed packaging.

Eightco Holdings Inc. operates two reportable segments: the Inventory Management Solutions segment and the Corrugated Segment. The majority of the company's revenue is generated from the Inventory Management Solutions segment, reflecting the demand and success of their inventory cash flow solution.

Eightco Holdings Inc. remains committed to providing innovative solutions that enhance operational efficiency and promote brand visibility for their clients. The company's strategic focus on inventory management and packaging solutions positions them as a significant player in these industries.

News

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

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Eightco Holdings Inc. (NASDAQ: OCTO) announced that its subsidiary, Forever 8 Fund , is expanding its product offerings to include refurbished Apple products like iPads, AirPods, Apple Watch, and iPad Pencil, in addition to smartphones. The CEO highlighted the strong demand for refurbished Apple products due to high prices of new ones, inflationary pressures, and environmental sustainability trends.
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Eightco announces Full-Year 2023 Financial Results

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Eightco Holdings Inc. (NASDAQ: OCTO) reports impressive 2023 financial results with revenues of $75.3 million, up 137% year-over-year, driven by cell phone sales. SG&A expenses decreased by 45%. The Company focuses on improving cost structures and profitable growth.
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Eightco announces Paul Vassilakos as Executive Chairman and Chief Executive Officer and Certain Balance Sheet Improvements

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Eightco Holdings Inc. (NASDAQ: OCTO) appoints Paul N. Vassilakos as Executive Chairman and CEO, with Kevin O’Donnell transitioning to the Board. Vassilakos, co-founder of Forever 8 Fund, , brings extensive public markets experience and aims to drive growth. Former owners of Forever 8 agree to amend notes received in the 2022 sale, including cancellation of accrued interest and conversion into common stock.
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Eightco announces early repayment of debt, private placement and certain changes at the parent company level

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Eightco Holdings Inc. (NASDAQ: OCTO) announced the early repayment of the Senior Secured Convertible Note to Hudson Bay Master Fund Ltd., reducing debt levels and allowing for efficient capital attraction. The company conducted a private placement and issued promissory notes to investors. Additionally, there were changes in officer appointments and common stock issuance to fulfill outstanding obligations. The focus remains on cost reduction at the parent company level to drive growth through subsidiary Forever 8.
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Eightco Holdings Announces Successful Initial Payment in Prepayment and Redemption Agreement, Clearing All Outstanding Warrants with Certain Investor

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Eightco Holdings Inc. has successfully completed the initial payment of $3,000,000 as part of the Prepayment and Redemption Agreement with an accredited investor. This achievement marks significant financial milestones, including the full repayment of the 2022 Note, reduction of the 2023 Note, and the complete redemption of the 2023 Warrant. The Company has eliminated all outstanding warrants held by the Investor, and the 2023 Note is no longer convertible into shares of common stock, except in case of an Event of Default or failure to make payments under the Prepayment Agreement.
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Eightco Holdings Inc. Achieves Prepayment and Redemption Agreement with respect to Certain Outstanding Senior Secured Convertible Notes and Warrants

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Eightco Holdings Inc. announces a Prepayment and Redemption Agreement with an accredited investor, marking a milestone in their financial structure transformation. The agreement includes prepaying and redeeming all outstanding financial instruments for a total of $8,215,000. The initial payment of $3,000,000 will be used to redeem the 2022 Note and outstanding warrants. Subsequent payments will be made on a monthly basis until March 15, 2024.
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Eightco Holdings Captures Investors’ and Management’s Attention at the H.C. Wainwright 25th Annual Global Investment Conference

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Eightco Holdings, Inc. attracted attention at the H.C. Wainwright 25th Annual Global Investment Conference with its strategy to become an e-commerce sector leader. The conference allowed for networking with investors and potential partners.
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Eightco Holdings Inc. to Attend H.C. Wainwright 25th Annual Global Investment Conference September 11-13, 2023

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Eightco Holdings Inc. to present at H.C. Wainwright 25th Annual Global Investment Conference
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Mobi-Hub Funding (Powered by Forever 8) to Showcase Innovative Solutions and Expand Business Prospects at IFA Berlin Show 2023 

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Mobi-Hub Funding participates in IFA Berlin Show 2023 to enhance market awareness and expand business
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EIGHTCO HOLDINGS INC. HIGHLIGHTS RECENT ACCOMPLISHMENTS AND KEY MILESTONES

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Eightco Holdings Inc. highlights recent accomplishments and key milestones. Q2 revenue grew 29.3% to $20.5 million. Raised revenue guidance for FY 2023 to $73 million. Secured non-equity asset-based lending facility. Successful non-deal roadshow with investment bank. Agreement with Mobi-Hub LTD. Joint venture to redefine refurbished mobile phone industry. Headline sponsorship for ITC Malta 2023 show.
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FAQ

What is the current stock price of Eightco Holdings (OCTO)?

The current stock price of Eightco Holdings (OCTO) is $1.926 as of November 4, 2024.

What is the market cap of Eightco Holdings (OCTO)?

The market cap of Eightco Holdings (OCTO) is approximately 3.5M.

What does Eightco Holdings Inc. do?

Eightco Holdings Inc. operates in inventory cash flow solutions and custom packaging services. They focus on purchasing inventory for e-commerce retailers and manufacturing custom packaging to promote brand awareness.

What are the main business segments of Eightco Holdings Inc.?

Eightco Holdings Inc. is divided into three main segments: Forever 8 Inventory Cash Flow Solution, Web3 Business, and Packaging Business.

What is the Forever 8 Inventory Cash Flow Solution?

The Forever 8 Inventory Cash Flow Solution helps e-commerce retailers by purchasing their inventory, ensuring consistent cash flow and operational efficiency.

Is Eightco still involved in the Web3 Business?

No, Eightco Holdings Inc. has no intention of continuing their Web3 Business at this time.

How does the Packaging Business of Eightco Holdings Inc. support its clients?

The Packaging Business manufactures and sells custom packaging that enhances brand awareness and promotes the brand image of its clients.

What are the reportable segments of Eightco Holdings Inc.?

Eightco Holdings Inc. has two reportable segments: the Inventory Management Solutions segment and the Corrugated segment.

What segment generates the most revenue for Eightco Holdings Inc.?

The majority of Eightco Holdings Inc.'s revenue is generated from the Inventory Management Solutions segment.

How does Eightco Holdings Inc. enhance operational efficiency for its clients?

Eightco Holdings Inc. enhances operational efficiency by providing inventory cash flow solutions that eliminate the financial burden of upfront inventory costs and by offering custom packaging that strengthens brand visibility.

Where can I find more information about Eightco Holdings Inc.?

For more information, you can visit their official website at www.8co.holdings or contact their Investor Relations.

How can I contact Eightco Holdings Inc. for investor relations?

You can contact Eightco Holdings Inc. for investor relations by emailing investors@8co.holdings or calling 617-819-1289.

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Eightco Holdings Inc.

Nasdaq:OCTO

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OCTO Stock Data

3.48M
2.09M
16.55%
1.28%
2.55%
Packaging & Containers
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