Eightco Holdings Inc. Announces Nasdaq Ticker Symbol Change to ORBS, Advancing the AI Revolution

Rhea-AI Summary

Eightco Holdings Inc. (NASDAQ: ORBS), formerly trading under a different symbol, has announced its new ticker symbol "ORBS" effective September 11, 2025. This change follows a significant $270 million private placement led by MOZAYYX, with participation from notable investors including World Foundation and a $20 million investment from BitMine Immersion (NYSE: BMNR).

The company has appointed Dan Ives, a renowned technology and AI expert, as Chairman of the Board. The company's focus is on World's proprietary iris-scanning Orb technology, designed to provide "Proof of Human" (PoH) verification without storing personal data on the blockchain. This technology aims to establish a foundation for trusted digital identity and next-generation online verification systems.

Positive

• Secured substantial $270 million private placement from prestigious institutional investors
• Strategic appointment of renowned AI expert Dan Ives as Chairman
• Development of proprietary iris-scanning technology for digital identity verification
• Partnership with multiple established financial institutions and investment firms

Negative

• Shares issued in private placement may cause potential dilution
• Securities are restricted from trading due to private placement regulations
• Significant regulatory and compliance requirements for registration of securities

Insights

Corporate Strategy Analyst

Eightco's $270M funding and ORBS ticker signify strategic pivot to AI identity verification with Worldcoin technology integration.

Eightco Holdings' ticker change to ORBS represents far more than a cosmetic update - it signals a fundamental business transformation toward Worldcoin's identity verification technology. This strategic pivot is backed by a substantial $270 million private placement led by MOZAYYX, with participation from numerous institutional investors including a $20 million strategic investment from BitMine Immersion.

The appointment of Dan Ives as Chairman is particularly noteworthy. Ives brings significant credibility as a respected technology analyst with deep AI expertise, suggesting this isn't merely a surface-level rebrand but a comprehensive strategic overhaul. The company is positioning itself at the intersection of two critical technology trends: AI development and digital identity verification.

The core technology - Worldcoin's iris-scanning Orb - addresses a fundamental challenge in the AI era: authenticating human identity without compromising privacy through zero-knowledge proofs. This positions Eightco/ORBS as a potential infrastructure provider for the growing "Proof of Human" verification market, which may become increasingly valuable as AI capabilities advance.

While the press release contains forward-looking statements about becoming "the largest network of real people online," the private placement demonstrates significant investor confidence in this vision. The diverse investor consortium - including crypto-native firms (Kraken, Pantera), traditional financial players (Brevan Howard), and technology investors (Wedbush) - suggests broad recognition of the market opportunity across different segments of the financial ecosystem.

Dan Ives, renowned technology and AI expert and Wall Street analyst, to serve as Chairman of the Board

In an increasingly agentic world, World is delivering critical "Proof of Human" (PoH)

"If we succeed on our mission, World might become the largest network of real people online, fundamentally changing how we interact and transact throughout the Internet," says Sam Altman

The transaction was led by MOZAYYX with a strategic investment from BitMine Immersion (BMNR) and participation from World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, Wedbush and more

EASTON, Pa., Sept. 11, 2025 /PRNewswire/ -- Eightco Holdings Inc. (NASDAQ: ORBS) ("Eightco Holdings Inc." or the "Company") today announced it has changed its Nasdaq ticker symbol to "ORBS." Beginning today, September 11, 2025, shares of the Company's common stock will trade on Nasdaq under the new ticker symbol "ORBS." The Company is not undertaking any other corporate action that affects the rights of outstanding common stock, and no action is required by shareholders in connection with the ticker symbol change. This follows the closing of its recently announced $270 Million private placement to implement the first-of-its-kind Worldcoin treasury strategy.

The transaction was led by MOZAYYX with participation from a premier list of institutional investors including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, Wedbush and more. A $20 million investment was made by BitMine Immersion (NYSE AMERICAN: BMNR).

"Changing our ticker to ORBS marks a defining moment for Eightco, signaling our commitment to leading the Proof of Human revolution," said Dan Ives, the newly appointed Chairman of the Board. "ORBS symbolizes the foundation of trust and authentication in the AI era. With World's zero-knowledge Proof of Human, individuals' identities are verified without storing personal data on the blockchain, ensuring both security and privacy. This is more than a ticker change. It's a clear signal of where the future is headed, and ORBS is at the eye of it all."

World's proprietary iris-scanning Orb technology is designed to meet the security and identity challenges of the future, offering a path to a universally trusted digital identity and the foundation for the next generation of online trust, verification and economic exchange.

The Orbs are the hardware backbone of Worldcoin, verifying unique humans, distributing tokens fairly, and creating a trusted digital identity system. World will be the leading verification platform for consumers around the world.

RF Lafferty & Co., Inc. acted as the Exclusive Placement Agent in connection with the private placement.

Cantor Fitzgerald & Co. acted as financial advisor to the lead investor, MOZAYYX.

Moelis & Company LLC acted as financial advisor to BitMine Immersion Technologies (BMNR).

Winston & Strawn LLP acted as counsel to the lead investor, MOZAYYX.

Graubard Miller acted as counsel to the Company.

Lucosky Brookman LLP acted as counsel to the placement agent.

The offer and sale of the foregoing securities were made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws. Concurrently with the execution of the securities purchase agreements, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") registering the resale of the shares of common stock to be issued or issuable in connection with the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

ABOUT EIGHTCO HOLDINGS INC.

Eightco Holdings Inc. (NASDAQ: ORBS) is delivering a first-of-its-kind Worldcoin (WLD) treasury strategy. With this digital asset treasury (DAT), Eightco is advancing the AI revolution, implementing a technology infrastructure layer that is integral to the future of authentication, verification and Proof of Human (PoH). In an increasingly agentic world, Eightco aims to achieve a universal foundation for digital identity.

For additional details, follow on X:
https://x.com/eightcoholdings
https://x.com/iamhuman_orbs 

For images of the Orb with the new Chairman, please visit here.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop" "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco's ability to maintain compliance with the Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce Eightco's capital resources; Eightco's inability to raise adequate capital to fund its business; Eightco's inability to innovate and attract users for Eightco's products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in forward-looking statements, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

 

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SOURCE Eightco Holdings (NASDAQ: ORBS)

FAQ

What is the new ticker symbol for Eightco Holdings and when does it take effect?

Eightco Holdings' new ticker symbol is ORBS, which began trading on Nasdaq effective September 11, 2025.

How much funding did Eightco Holdings (ORBS) raise in its private placement?

Eightco Holdings raised $270 million in a private placement led by MOZAYYX, including a $20 million investment from BitMine Immersion.

Who is the new Chairman of Eightco Holdings (ORBS)?

Dan Ives, a renowned technology and AI expert and Wall Street analyst, has been appointed as Chairman of the Board.

What is the main technology behind Eightco Holdings' (ORBS) business?

The company utilizes proprietary iris-scanning Orb technology designed to provide 'Proof of Human' verification without storing personal data on the blockchain.

What are the restrictions on the securities issued in ORBS private placement?

The securities cannot be sold in the United States except through an effective registration statement or applicable exemption from Securities Act registration requirements.