Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, the Company’s largest subsidiary, said “The Company has a clear focus on prioritizing the Forever 8 business providing inventory capital for e-commerce sellers and refurbished apple product sellers. We have a proven model with significant customer demand for rapid expansion. That said, we also had a restrictive convertible note that constrained our long-term growth and limited our ability to raise capital. The Company made a primary task to repay this note to ensure the future success of Eightco and did so, as announced on February 26, 2024.”
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