Eightco Holdings (OCTO) has released an update.
Forever 8 Fund, LLC, a subsidiary of a reporting company, has secured Series B financing through agreements with various lenders, including an entity controlled by the company’s CFO. The arrangement includes a Subordination Agreement ensuring the seniority of Series C Lenders over the Series B Lenders, with the latest advancement of $100,000 to the borrower on February 14, 2024. This strategic financial move could be of interest to those following company investments and financial structuring in the stock market.
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