Eightco Holdings (NASDAQ: OCTO) terminates $2.53M ATM stock offering
Rhea-AI Filing Summary
Eightco Holdings Inc. has elected to terminate its at-the-market equity program with Univest Securities, LLC, ending both the underlying Sales Agreement and the related offering. Under the agreement and prospectus supplement, the company was permitted to sell shares of common stock with an aggregate offering price of up to $2,527,639 through Univest as sales agent. As of this report, it has sold common stock with an aggregate gross offering price of approximately $2.4 million under this program. The termination becomes effective five days after the August 26, 2025 notice to Univest, after which the company may not sell any additional common shares under this at-the-market arrangement.
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Insights
Eightco ends its ATM program, closing one equity funding channel.
Eightco Holdings Inc. is terminating its at-the-market equity program with Univest Securities, LLC, including the Sales Agreement and the ATM prospectus supplement. The program had allowed sales of common stock with an aggregate offering price of up to
Once the five-day notice period from
FAQ
What did Eightco Holdings Inc. (OCTO) announce in this 8-K?
Eightco Holdings Inc. announced that it has elected to terminate its At-The-Market Issuance Sales Agreement with Univest Securities, LLC and has also terminated the related at-the-market offering prospectus supplement.
When does the termination of Eightco Holdings Inc.’s Sales Agreement with Univest become effective?
The termination of the Sales Agreement becomes effective five days after the company’s notice to Univest on August 26, 2025.
How large was Eightco Holdings Inc.’s at-the-market offering capacity under the prospectus supplement?
The at-the-market prospectus supplement allowed Eightco Holdings Inc. to offer and sell shares of common stock with an aggregate offering price of up to $2,527,639 through Univest as sales agent.
How much has Eightco Holdings Inc. sold under its at-the-market program?
As of the date of the report, Eightco Holdings Inc. has sold shares of common stock with an aggregate gross offering price of approximately $2.4 million under the at-the-market prospectus supplement.
Can Eightco Holdings Inc. sell any more common stock under this at-the-market arrangement?
No. The company states that, following termination of the Sales Agreement and the ATM prospectus supplement, it will not make any additional sales of common stock under this at-the-market offering.
What role did Univest Securities, LLC play in Eightco Holdings Inc.’s at-the-market offering?
Univest Securities, LLC acted as the sales agent under the At-The-Market Issuance Sales Agreement, through which Eightco’s common stock could be sold under the ATM prospectus supplement.