ORBS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Eightco Holdings Inc. (NASDAQ: ORBS) is building the authentication and trust layer for the post-AGI world. Through a first-of-its-kind Worldcoin digital asset treasury strategy and a portfolio of strategic investments in frontier technology companies, the Company is establishing a universal foundat…

• The Company also operates Forever 8, an e-commerce inventory solutions business acquired in October 2022, which represents its sole revenue-generating operating segment.

• Our corporate headquarters are located in Easton, Pennsylvania, and our common stock is listed on the Nasdaq Capital Market under the symbol “ORBS.”

• Forever 8 provides funding solutions and inventory management services for e-commerce businesses, enabling sellers to maintain optimal stock levels without tying up their own capital. Forever 8 is the Company’s sole operating segment and primary source of revenue. For the fiscal years ended December…

• On September 8, 2025, our Board of Directors approved the adoption of a Digital Asset Treasury Strategy under which Eightco holds digital assets, primarily Worldcoin (WLD), as part of a long-term treasury reserve framework. Under this policy, we may allocate excess liquidity, operating cash flows, a…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• During the quarter ended September 30, 2025, we adopted a new Digital Asset Treasury (“DAT”) Strategy, significantly increased our holdings of digital assets, and completed substantial capital-raising activities to support these initiatives. These actions represent material changes to our capital al…

• We continue to operate Forever 8, our inventory funding business that provides inventory purchasing and financing solutions to e-commerce retailers. At the same time, we completed the wind-down of our prior Web3 operations and Bitcoin mining hardware sales, and on April 7, 2025, we sold the assets a…

• On September 8, 2025, our Board of Directors approved the adoption of a Digital Asset Treasury Strategy under which Eightco holds digital assets, primarily Worldcoin (WLD and WCWLD), as part of a long-term treasury reserve framework. Under this policy, we may allocate excess liquidity, operating cas…

• ●We raised $270 million in gross proceeds through a private placement of equity securities.

• ●We generated additional proceeds through our at-the-market (“ATM”) equity offering program.

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Other than (i) the remediation actions described above, there were no other changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting during the quarter ended March 31, 2026.

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Digital Asset Treasury Control Environment. In connection with the DAT Strategy, management designed and began implementing controls over (a) authorization of digital asset acquisitions and dispositions, (b) wallet/custody address verification, multi-factor approvals, and key-access governance, (c) …

• Other than (i) the changes implemented in connection with the Digital Asset Treasury Control Environment and (ii) the remediation actions described above, there were no other changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially aff…

Text added vs the prior filing · source: 10-Q · 2026-05-15

• Other than as set forth below, there have been no material changes to the “Risk Factors” disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025. The risk factors below supplement, and to the extent inconsistent supersede, the risk factors set forth in our…

• Our strategic investment portfolio is concentrated in a small number of privately held companies, and a decline in the value of, or total loss with respect to, any single investment could materially adversely affect our financial condition and results of operations.

• During the three months ended March 31, 2026, we deployed approximately $110.6 million of capital into strategic equity investments, including approximately $92.6 million in OpenAI and approximately $18.0 million in Beast Industries, in addition to our prior $1.0 million investment in Mythical Games…

• Our strategic equity investments are highly illiquid, and we may be unable to sell, transfer, or otherwise monetize these investments when desired, or at all.

• Our strategic investments are in privately held companies whose securities are not currently traded on any public market. These investments are subject to substantial transfer restrictions, including rights of first refusal, co-sale rights, lock-up provisions, and consent requirements imposed by the…

Text removed vs the prior filing · source: 10-Q · 2025-11-14

• Supplemental Risks Related to Our Digital Asset Treasury Business

• The following risk factors represent material changes to the risks disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024, and should be read in conjunction with the risk factors disclosed therein. Except as described below, there have been no material changes to the risk f…

• Our Digital Asset Treasury (“DAT”) Strategy exposes us to significant volatility and potential losses, and may materially affect our financial condition and results of operations.

• In September 2025, we adopted a Digital Asset Treasury Strategy under which a substantial portion of our liquidity, including proceeds from financing transactions, is allocated to the acquisition and holding of digital assets. Digital asset markets are highly volatile and historically subject to sig…

• Significant declines in digital asset prices may reduce our liquidity, impair our ability to execute our operating strategy, reduce the value of our balance sheet, and adversely affect our stock price.