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CRYPTYDE(TYDE) - Prospectus
2023-06-02 21:27
Washington, D.C. 20549 Form S-1 UNDER THE SECURITIES ACT OF 1933 EIGHTCO HOLDINGS INC. (Exact Name of Registrant as Specified in its Charter) As Filed with the Securities and Exchange Commission on June 2, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION (State or other jurisdiction of incorporation or organization) Delaware 7379 87-2755739 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification No.) 200 9 Avenue North, Suite 220 Safety Harbor, Flo ...
CRYPTYDE(TYDE) - 2023 Q1 - Quarterly Report
2023-05-16 01:58
Revenue and Profitability - For the three months ended March 31, 2023, revenues increased by $12,170,068 or 327.18% compared to the same period in 2022, primarily due to the acquisition of Forever 8 [173]. - Gross profit rose by $1,273,828 or 233.62% for the three months ended March 31, 2023, largely driven by revenue growth from Forever 8 [175]. - The company generated revenues from inventory financing through Forever 8 Fund, LLC, and sales of Bitcoin mining equipment and custom packaging [167]. Costs and Expenses - Cost of revenues for the same period increased by $10,896,240 or 343.26%, attributed to higher revenues from inventory management solutions and increased material costs in the corrugated business [174]. - Selling, general and administrative expenses increased by $3,427,636 or 178.36%, reaching $5,349,431, due to higher professional fees, payroll, and operating costs as a standalone public company [176]. - Interest expense surged to $2,813,227 for the three months ended March 31, 2023, compared to $129 in the same period last year, mainly due to the amortization of debt issuance costs related to convertible notes [177]. Losses and Financial Performance - The operating loss for the three months ended March 31, 2023, was $3,530,339, an increase of $2,153,808 or 156.47% compared to the prior year [172]. - The net loss for the same period was $49,851,140, representing an increase of $48,713,996 or 4,283.89% from the previous year [172]. - Total other expense was ($46,320,801) for Q1 2023, a significant increase from $49,390 in Q1 2022, primarily due to a loss on issuance of warrants of ($43,541,211) and interest expense of ($2,813,227) [178]. - Net loss for Q1 2023 was $49,851,140, compared to a net loss of $1,137,144 in Q1 2022, largely driven by the loss on issuance of warrants [180]. Cash Flow and Financing - Operating activities resulted in net cash used of ($4,937,282) in Q1 2023, compared to ($1,551,911) in Q1 2022, reflecting a substantial increase in net loss [183]. - Net cash provided by financing activities was $2,383,909 in Q1 2023, up from $1,660,247 in Q1 2022, mainly due to proceeds from the issuance of convertible notes payable of $3,150,000 [185]. - Net cash provided by investing activities was $67,202 in Q1 2023, compared to ($6,595) in Q1 2022, attributed to the sale of capital expenditures of $181,000 [184]. - The company has approximately $3.0 million in cash and believes it will have sufficient funds for the next 12 months to accomplish its strategic plan [181]. Tax and Debt Obligations - Income tax expense was $0 for Q1 2023, down from an income tax benefit of $189,997 in Q1 2022, due to an increase in loss before income taxes [179]. - The company has no significant debt obligations other than approximately $9.7 million related to the Note Private Placement [181]. - There were no off-balance sheet arrangements as of March 31, 2023 [188]. - The company has no debt covenants requiring certain financial information to be met [187]. Strategic Changes - The company no longer intends to generate revenue from its Web3 Business, focusing instead on its Inventory Solution and Packaging Business [153]. - The company underwent a reverse stock split of 1-for-50 effective April 3, 2023, and changed its name to Eightco Holdings Inc. with the new stock symbol "OCTO" [157].
CRYPTYDE(TYDE) - 2022 Q4 - Annual Report
2023-04-17 21:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____to _____ Commission file number: 001-41033 EIGHTCO HOLDINGS INC. (f/k/a Cryptyde, Inc.) (Exact Name of Registrant as Specified in Its Charter) | | | (State or Other Juri ...
CRYPTYDE(TYDE) - Prospectus(update)
2023-01-24 01:44
As Filed with the Securities and Exchange Commission on January 23, 2023 Registration No. 333-266848 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form S-1 UNDER THE SECURITIES ACT OF 1933 CRYPTYDE, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 7379 87-2755739 (Primary Standard Industrial Classification Code Number) 200 9 Avenue North, Suite 220 Safety Harbor, Florida 34695 (866 ...
Eightco (OCTO) - Prospectus(update)
2023-01-24 01:44
As Filed with the Securities and Exchange Commission on January 23, 2023 Registration No. 333-266848 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 2 to Form S-1 UNDER THE SECURITIES ACT OF 1933 CRYPTYDE, INC. (Exact Name of Registrant as Specified in its Charter) (State or other jurisdiction of incorporation or organization) Delaware 7379 87-2755739 (Primary Standard Industrial Classification Code Number) 200 9 Avenue North, Suite 220 Safety Harbor, Florida 34695 (866 ...