Quarter Driven by Corporate Actions for NASDAQ Compliance and Building Operational Foundation for Long Term Growth Third quarter 2024 net loss of ($3.2) million compared to net loss of ($3.5) million for the prior year quarter, due to better gross marginsThird quarter 2024 revenues of $7.7 million compared to $23.3 million for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the previously outstanding convertible noteSuccessfully Met NASDAQ Compliance requirements to maintain NASDAQ listing Easton, PA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced financial results
Improved Financial Condition Allows Focus on Revenue Growth & Profitability Easton, PA, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") is pleased to provide an update to its shareholders regarding its achievements year to date and 2025 initiatives. 2024 Achievements The Company has made significant progress in 2024 by improving its balance sheet, most notably through the elimination of $5.4 million in convertible notes and increasing shareholder equity by $23 million. An aggregate of 5,846,627 dilutive shares related to warrants and convertible securities were cancelled in connection therewith, as well as several one-time
Easton, PA, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced that the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq's minimum bid price requirement (the "Bid Price Requirement") set forth in Nasdaq Listing Rule 5550(a)(2), as well as Nasdaq's stockholders' equity requirement ("Equity Requirement") set forth in Nasdaq Listing Rule 5550(b)(1). To regain compliance with the Bid Price Requirement, the Company's Common Stock was required to maintain a minimum closing bid price of $1.00 or more for a minimum of 10 consecutive trading days. The No
Quarter Driven by Capital Restructuring to Prioritize Financial Stability Second quarter 2024 net income of $4.4 million versus net loss of ($8.9) million for the prior year quarter, due to better operating performance and elimination of warrant losses related to a retired convertible noteSecond quarter 2024 revenues of $7.0 million versus $20.5 million for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the convertible note Easton, PA, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced financial results for the three months ended June 30, 2024. Paul
Easton, PA, July 23, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced that its wholly-owned subsidiary, Forever 8 Fund LLC ("Forever 8"), has reached $100 million in revenues from its refurbished Apple smartphone division since launching in April 2021. "We are excited to have reached this milestone of $100 million in revenue from our refurbished Apple smartphone division," said Paul Vassilakos, CEO of Eightco and President of Forever 8. "Continued growth in the refurbished market for Apple products, combined with Forever 8's unique offering, is driving strong growth for our Company in this sector. We continue to see significant
Significant Improvement in Financial Condition Allows Renewed Focus on Revenue Growth Easton, PA, July 16, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") is pleased to provide an update to its shareholders regarding recent activities and future initiatives for growth. The Company has made significant progress in the first half of 2024 improving its financial condition, most notably through the elimination of $5.4 million in convertible notes and increasing shareholder equity by over $23 million which allows a renewed focus on the growth of its subsidiary, Forever 8 Fund LLC ("Forever 8".) Core Business During 2024, the Company
Continued listing is subject to meeting certain conditions by August 23, 2024 including maintaining a minimum bid price of $1.00 or more for a minimum of ten consecutive trading sessions Easton, PA, July 01, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") is pleased to announce that a Hearings Panel of the Nasdaq Stock Market has granted the Company's request for continued listing on The Nasdaq Capital Market, subject to the Company meeting certain conditions by August 23, 2024. These conditions include requiring the closing bid price of the Company's common stock to equal or exceed $1.00 per share for a minimum of ten (10) consecutive tr
Easton, PA, June 04, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced that Forever 8 Fund, LLC ("Forever 8"), a subsidiary of Eightco, will attend ITC Malta 2024, the premier global networking event for the new and used mobile devices and accessories industry. The conference will be held in Malta from June 4-8, 2024, featuring a variety of keynote speakers, exhibitors and attendees from around the world, including representatives from both Forever 8 and Mobi-hub Ltd., its largest refurbished cell phone partner. "We are thrilled to be attending ITC Malta 2024," said Paul Vassilakos, CEO of Eightco and President of Forever 8. "After
Quarter Driven by Capital Restructuring to Prioritize Financial Stability for Long-Term Revenue Growth. First quarter 2024 net income of $4.9mn versus net loss of $49.9mn for the prior year quarter, due to better operating performance and elimination of warrant losses related to a retired convertible noteFirst quarter 2024 revenues of $9.6mn versus $15.9mn for the prior year quarter, driven by reduction in capital available for cell phone sales after repayment of the convertible note Easton, PA, May 16, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced financial results for the three months ended March 31, 2024. Paul Vassilak
Easton, PA, May 07, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced that the former owners ("F8 Members") of Forever 8 Fund, LLC ("Forever 8") have agreed, effective as of March 17, 2024, to cancel their right to receive certain earnout consideration provided for under the September 2022 Membership Interest Purchase Agreement between the Company and Forever 8 ("Earnout") whereby the Company acquired Forever 8. The Earnout was fair valued at $6.1 million and had a potential cash value of up to $37 million. The Company expects that the cancellation of the Earnout, together with the other recently announced transactions, will result i
SAFETY HARBOR, Florida, April 06, 2023 (GLOBE NEWSWIRE) -- Eightco Holdings Inc., a publicly-traded company listed on NASDAQ under the ticker symbol OCTO, is pleased to announce that it will be releasing its comprehensive annual financial results and operational update for the year 2022. This eagerly-anticipated release is scheduled to take place on or before Monday, April 17, 2023 and will provide a comprehensive overview of the company's financial performance and operational activities throughout the previous year. About Eightco Holdings Inc. Eightco Holdings Inc. (NASDAQ:OCTO) is committed to growth focused around its existing subsidiaries, Forever 8, an inventory management platform
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Shares of ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) fell sharply during Wednesday's session after the company announced that its Singapore-incorporated, sole operating subsidiary has filed for voluntary liquidation. ASLAN Pharmaceuticals shares dipped 38.7% to $0.68 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Aptevo Therapeutics Inc. (NASDAQ:APVO) shares climbed 84% to $0.6073 after surging around 10% on Tuesday. Aptevo Therapeutics recently announced closing of $2.75 million offering. Shimmick Corporation (NASDAQ:SHIM) shares climbed 49% to $3.0173 after the company received a $27.6 million subcontract for the Sunol Valley Water Trea
Shares of Bloom Energy Corporation (NYSE:BE) rose sharply in today's pre-market trading after the company announced a strategic partnership with CoreWeave. Bloom Energy said it entered into a partnership to deploy its proprietary fuel cells to generate on-site power for CoreWeave at a high-performance data center in Illinois. Bloom Energy shares jumped 12.1% to $16.90 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Shimmick Corporation (NASDAQ:SHIM) gained 53% to $3.09 in pre-market trading after the company received a $27.6 million subcontract for the Sunol Valley Water Treatment Plant Ozonation Project. Aptevo Therapeutics Inc. (NA
Continued listing is subject to meeting certain conditions by August 23, 2024 including maintaining a minimum bid price of $1.00 or more for a minimum of ten consecutive trading sessionsEaston, PA, July 01, 2024 (GLOBE NEWSWIRE) -- Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") is pleased to announce that a Hearings Panel of the Nasdaq Stock Market has granted the Company's request for continued listing on The Nasdaq Capital Market, subject to the Company meeting certain conditions by August 23, 2024. These conditions include requiring the closing bid price of the Company's common stock to equal or exceed $1.00 per share for a minimum of ten (10) consecutive trading session
Eightco Holdings (NASDAQ:OCTO) reported quarterly earnings of $0.72 per share. This is a 101.79 percent increase over losses of $(40.15) per share from the same period last year. The company reported $9.62 million in sales this quarter. This is a 39.46 percent decrease over sales of $15.89 million the same period last year.
Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco") today announced that the former owners ("F8 Members") of Forever 8 Fund, LLC ("Forever 8") have agreed, effective as of March 17, 2024, to cancel their right to receive certain earnout consideration provided for under the September 2022 Membership Interest Purchase Agreement between the Company and Forever 8 ("Earnout") whereby the Company acquired Forever 8. The Earnout was fair valued at $6.1 million and had a potential cash value of up to $37 million. The Company expects that the cancellation of the Earnout, together with the other recently announced transactions, will result in an improvement of over $7 million to the Compa
Eightco Holdings Inc. (NASDAQ:OCTO) (the "Company" or "Eightco"), today announced that its subsidiary, Forever 8 Fund LLC ("Forever 8"), is expanding the products for which it will provide inventory capital. In addition to operating in the broader e-Commerce market, Forever 8 is already a significant player in the refurbished smartphone market, providing inventory capital for sellers in the space, largely focused on the Apple iPhone. Due to customer demand, Forever 8 is now expanding its product offering into other refurbished Apple products including iPads, AirPods, the Apple Watch and the iPad Pencil. Paul Vassilakos, CEO of Eightco and President of Forever 8 said, "Our offering in the ref
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