06-04-2025
Micro Cap Rallies Over +45% To Finish Out Wednesday's Session
A Florida-based e-commerce and packaging company really stole the show on Wednesday after the company announced that it improved its balance sheet by eliminating $5.4 million in convertible notes and increasing shareholder equity by $23 million.
According to the release, the company also stated that it expects to deliver $100 million in revenue in 2025. Seeing that the market cap of this company is currently under $7 million in total, its no wonder that traders were quick to buy up shares of Eightco Holdings Inc. (Nasdaq:OCTO), pushing shares of the micro cap to close the session at $3.63/share (+45.78%). Be sure to put this one on your watchlist for sessions to come!
Eightco Holdings Inc. is engaged in the business of Forever 8 inventory cash flow solution, Web3 Business, and Packaging Business. Its subsidiary, Forever 8 Fund, LLC (Forever 8) is an e-commerce fintech company that provides funding solutions for e-commerce businesses. Its Packaging Business manufactures and sells custom packaging for a wide variety of products. Packaging Business provides packaging for third-party customers in a variety of industries, including pharmaceutical and e-commerce companies. The Company operates through two segments: Inventory Management Solutions segment and the Corrugated segment.
Copyright © 2024 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
