Eightco Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement
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Item 1.01 Entry into a Material Definitive Agreement
On May 30, 2025, June 2, 2025 and June 5, 2025, Eightco Holdings Inc. (the “Company”) entered into settlement agreements with several third parties, including several current and former officers and directors, including Brett Vroman, the Company’s Chief Financial Officer, and Kevin O’Donnell, a member of the Company’s board of directors, to resolve certain liabilities owed by the Company to such third parties. Pursuant to the settlement agreements, the third parties agreed to reduce the amounts currently owed by the Company to such third parties from in excess of $2.2 million to approximately $1.1 million. The Company has agreed to pay the reduced remaining amounts owed to the third parties over the next eight months.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: June 5, 2025 | EIGHTCO HOLDINGS INC. | |
| By: | /s/ Paul Vassilakos | |
| Paul Vassilakos | ||
| Chief Executive Officer | ||