Eightco Completes Non-Dilutive Capital Raise and Second Debt Extension
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Eightco Holdings Inc. (NASDAQ: OCTO) has completed a non-dilutive capital raise and a debt extension, involving $7.2 million in debt extension and $3.1 million in new financing. This move is aimed at supporting the company's expansion plans through 2024 and into 2025.
December 20, 2024 | 2:15 pm
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Eightco Holdings Inc. has successfully extended $7.2 million in existing debt and raised an additional $3.1 million in new financing. This strategic move is designed to support the company's growth plans through the end of 2024 and into 2025.
The completion of a non-dilutive capital raise and debt extension indicates a strong financial strategy by Eightco Holdings. The additional funds will support the company's expansion plans, which is likely to positively impact the stock price in the short term.
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