Eightco Holdings Changes Nasdaq Ticker to ORBS, Boosts AI Focus
Dan Ives, famend expertise and AI skilled and Wall Street analyst, to function Chairman of the Board
In an more and more agentic world, World is delivering essential “Proof of Human” (PoH)
“If we succeed on our mission, World would possibly develop into the biggest community of actual folks on-line, basically altering how we work together and transact all through the Internet,” says Sam Altman
The transaction was led by MOZAYYX with a strategic funding from BitMine Immersion (BMNR) and participation from World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, Wedbush and extra
Eightco Holdings Inc. (NASDAQ: ORBS) (“Eightco Holdings Inc.” or the “Company”) in the present day introduced it has modified its Nasdaq ticker image to “ORBS.” Beginning in the present day, September 11, 2025, shares of the Company’s widespread inventory will commerce on Nasdaq underneath the brand new ticker image “ORBS.” The Company is just not enterprise every other company motion that impacts the rights of excellent widespread inventory, and no motion is required by shareholders in reference to the ticker image change. This follows the closing of its just lately introduced $270 Million personal placement to implement the first-of-its-kind Worldcoin treasury technique.
The transaction was led by MOZAYYX with participation from a premier listing of institutional buyers together with World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, Wedbush and extra. A $20 million funding was made by BitMine Immersion (NYSE AMERICAN: BMNR).
“Changing our ticker to ORBS marks a defining second for Eightco, signaling our dedication to main the Proof of Human revolution,” stated Dan Ives, the newly appointed Chairman of the Board. “ORBS symbolizes the muse of belief and authentication within the AI period. With World’s zero-knowledge Proof of Human, people’ identities are verified with out storing private information on the blockchain, guaranteeing each safety and privateness. This is greater than a ticker change. It’s a transparent sign of the place the long run is headed, and ORBS is on the eye of all of it.”
World’s proprietary iris-scanning Orb expertise is designed to meet the safety and identification challenges of the long run, providing a path to a universally trusted digital identification and the muse for the following era of on-line belief, verification and financial change.
The Orbs are the {hardware} spine of Worldcoin, verifying distinctive people, distributing tokens pretty, and making a trusted digital identification system. World would be the main verification platform for customers around the globe.
RF Lafferty & Co., Inc. acted because the Exclusive Placement Agent in reference to the personal placement.
Cantor Fitzgerald & Co. acted as monetary advisor to the lead investor, MOZAYYX.
Moelis & Company LLC acted as monetary advisor to BitMine Immersion Technologies (BMNR).
Winston & Strawn LLP acted as counsel to the lead investor, MOZAYYX.
Graubard Miller acted as counsel to the Company.
Lucosky Brookman LLP acted as counsel to the position agent.
The supply and sale of the foregoing securities had been made in a non-public placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and relevant state securities legal guidelines. Accordingly, the securities supplied within the personal placement might not be supplied or offered in the United States besides pursuant to an efficient registration assertion or an relevant exemption from the registration requirement of the Securities Act and such relevant state securities legal guidelines. Concurrently with the execution of the securities buy agreements, the Company and the buyers entered right into a registration rights settlement pursuant to which the Company has agreed to file a registration assertion with the Securities and Exchange Commission (the “SEC”) registering the resale of the shares of widespread inventory to be issued or issuable in reference to the providing.
This press launch shall not represent a proposal to promote or a solicitation of a proposal to purchase these securities, nor shall there be any sale of those securities in any state or different jurisdiction during which such supply, solicitation or sale could be illegal prior to the registration or qualification underneath the securities legal guidelines of any such state or different jurisdiction.
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