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Eightco Holdings Inc - OCTO STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Eightco Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Eightco Holdings's position in the market.

News
Eightco Announces Product Expansion in Forever 8’s Apple Products Business
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.52%
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none
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News
Eightco announces Full-Year 2023 Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
earnings
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News
Eightco announces Paul Vassilakos as Executive Chairman and Chief Executive Officer and Certain Balance Sheet Improvements
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
none
News
Eightco announces early repayment of debt, private placement and certain changes at the parent company level
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.52%
Tags
none
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News
Eightco Holdings Announces Successful Initial Payment in Prepayment and Redemption Agreement, Clearing All Outstanding Warrants with Certain Investor
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
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none
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News
Eightco Holdings Inc. Achieves Prepayment and Redemption Agreement with respect to Certain Outstanding Senior Secured Convertible Notes and Warrants
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
none
News
Eightco Holdings Captures Investors’ and Management’s Attention at the H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
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News
Eightco Holdings Inc. to Attend H.C. Wainwright 25th Annual Global Investment Conference September 11-13, 2023
Rhea-AI Summary
Eightco Holdings Inc. to present at H.C. Wainwright 25th Annual Global Investment Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.25%
Tags
conferences
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News
Mobi-Hub Funding (Powered by Forever 8) to Showcase Innovative Solutions and Expand Business Prospects at IFA Berlin Show 2023 
Rhea-AI Summary
Mobi-Hub Funding participates in IFA Berlin Show 2023 to enhance market awareness and expand business
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
Tags
none
News
EIGHTCO HOLDINGS INC. HIGHLIGHTS RECENT ACCOMPLISHMENTS AND KEY MILESTONES
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.19%
Tags
none
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Eightco Holdings Inc

Nasdaq:OCTO

OCTO Rankings

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OCTO Stock Data

6.57M
7.02M
9.31%
1.53%
1.37%
Corrugated and Solid Fiber Box Manufacturing
Manufacturing
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United States
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