Eightco completes non-dilutive capital raise and second debt extension

$7.2 million debt extension and $3.1 million new financing to fuel expansion plans for 2025 easton, pa, dec. 20, 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 ”), completed a series of transactions with respect to its outstanding series a, series b, series c and series d promissory notes (the “old debt”) to create new series a and series c promissory notes (the “new debt”) and retire the old debt. the transactions resulted in an extension of $7.2 million of existing debt and the raising of an incremental $3.1 million of debt to fund growth through the end of the fourth quarter of 2024 and into 2025.
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