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An update from Eightco Holdings (OCTO) is now available.
Eightco Holdings Inc. has agreed to a private placement deal selling nearly 988,000 common stock shares at $0.82 each, anticipating $0.81 million in gross proceeds. Additionally, following executive leadership changes, the company has entered severance agreements with former CEO Brian McFadden and former executive Brett Vroman, offering them a combination of stock options and severance payments. A fresh series of stock issuances for compensation and consulting services has also been approved, with the company’s fully diluted shares now totaling around 8.9 million. These strategic moves aim to bolster the company’s financial position and streamline its management structure.
For detailed information about OCTO stock, go to TipRanks’ Stock Analysis page.