Wedbush/Alpha One Disclose 11.64M Shares (6.4%) in Eightco OCTO
Rhea-AI Filing Summary
Two related filers report a significant passive stake in Eightco Holdings Inc. Wedbush Alpha One ORBS T1, LLC and its manager Alpha One Asset Management, LLC each report beneficial ownership of 11,643,836 shares, representing 6.4% of the outstanding common stock based on 181,474,997 shares outstanding per the issuer's registration statement. Both filers report sole voting and sole dispositive power over the reported shares and state the Manager makes investment and voting decisions while expressly disclaiming beneficial ownership for the Manager itself. The filing includes a certification that the shares were not acquired for the purpose of changing or influencing control.
Positive
- Material passive stake disclosed: 11,643,836 shares equal to 6.4% which informs investors of ownership concentration
- Sole voting and dispositive power: the reporting entities control votes and dispositions for the reported shares
Negative
- None.
Insights
Stake exceeds the 5% reporting threshold but is described as passive.
The combined position of 11,643,836 shares, equal to 6.4% of the class, meets the threshold that triggers public disclosure and investor scrutiny of potential influence on governance. Reporting lists sole voting and dispositive power for the LLC while the manager disclaims beneficial ownership, which is a common legal posture when an investment manager directs decisions for a fund vehicle.
This structure means governance influence is possible in practice but is presented as not intended to change control; investors should note the holder's ability to vote the shares and monitor any subsequent amendments to ownership or group formation that could alter voting alignments.
Disclosure signals a notable passive holder representing a mid-single-digit position.
A 6.4% stake is material for a company with 181,474,997 shares outstanding and can affect liquidity and block trade dynamics. The filing does not report any shared voting arrangements or plans to acquire more shares, and it includes a certification that the holdings are not intended to change control.
Market participants will typically watch trading volume and any future Schedule 13D/13G amendments for increases, alliances, or active engagement; absent such changes, the position is most likely to remain a passive, publicly disclosed holding.