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

February 26, 2024

https://www.globenewswire.com/news-release/2024/02/26/2835528/0/en/Eightco-announces-early-repayment-of-debt-private-placement-and-certain-changes-at-the-parent-company-level.html

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”).

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