Eightco Holdings Announces Nasdaq Ticker Symbol Change to ORBS, Emphasizing AI Revolution and Identity Verification

Eightco Holdings Inc. has changed its Nasdaq ticker symbol to "ORBS" and announced a $270 million private placement to implement its Worldcoin treasury strategy. The transaction was led by MOZAYYX and included participation from various institutional investors, including World Foundation, Discovery Capital Management, and GAMA. Dan Ives, a renowned technology and AI expert, will serve as Chairman of the Board. The company's proprietary iris-scanning Orb technology aims to meet the security and identity challenges of the future and create a universally trusted digital identity system.

Eightco Holdings Inc. (OCTO) has announced a significant financial move, changing its Nasdaq ticker symbol to "ORBS" and raising $270 million through a private placement to implement its Worldcoin treasury strategy. The transaction, led by MOZAYYX with participation from various institutional investors including World Foundation, Discovery Capital Management, and GAMA, is a strategic step for the company's future growth and technological innovation.

The private placement involves the sale of approximately 171,232,877 shares of common stock at $1.46 per share, with an additional $20 million investment from BitMine Immersion (BMNR). The total expected gross proceeds from the offering are approximately $270 million, with the closing of the offering expected to occur on or about September 11, 2025, subject to customary closing conditions Eightco Holdings Inc. (OCTO) Announces $250 Million Private Placement with an Additional $20 Million Strategic Investment from BitMine (BMNR) to Initiate World's First Worldcoin (WLD) Treasury Strategy^[1].

Eightco Holdings Inc. intends to use the net proceeds of the offering to acquire Worldcoin (WLD) for its treasury operations, with Worldcoin serving as the primary treasury reserve asset. The company aims to leverage its proprietary iris-scanning Orb technology to meet the security and identity challenges of the future, creating a universally trusted digital identity system.

The announcement comes with the appointment of Dan Ives, a renowned technology and AI expert, as Chairman of the Board. Ives' appointment is seen as a strategic move to lead Eightco Holdings Inc. in its mission to become a leading verification platform for consumers around the world.

The company's focus on the core business operations will continue, with the treasury strategy adding a new layer of technological innovation and security. The use of Worldcoin as the primary reserve asset aligns with the company's vision to create a digital identity system that can withstand the challenges posed by an AI-driven future.

The private placement and ticker symbol change reflect Eightco Holdings Inc.'s commitment to growth and innovation, positioning the company at the forefront of technological advancements in digital identity and security.