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Eightco Holdings Inc. appointed Kevin O’Donnell as interim Chief Executive Officer, effective August 13, 2025. He steps in while current CEO Paul Vassilakos takes a temporary leave of absence to recover from a non-life-threatening medical condition, with an expectation that Vassilakos will return by the end of the third quarter. O’Donnell has deep history with the company, having served as Chairman from October 15, 2021 to March 17, 2024 and as interim CEO from February 2024 to March 2024. He also brings broader operating and investment experience through roles at Poptop Partners, LLC and KOR Capital, LLC and service on multiple private and public company boards.
Eightco Holdings Inc. notified regulators that it will file its quarterly report for the period ended June 30, 2025 late due to incomplete administrative processes. The company expects to submit the Form 10-Q within five calendar days of the original deadline. Based on preliminary figures, Eightco anticipates a net loss from continuing operations of approximately $1.2 million for the three months ended June 30, 2025, compared with net income from continuing operations of about $4.3 million in the same period of 2024, mainly because last year’s quarter included a gain on extinguishment of liabilities. Revenues, net are expected to be roughly $7.6 million for the quarter, up from about $5.3 million a year earlier, driven by increased customer demand and higher sales to end users.