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Benzinga
Benzinga
Business
Akanksha Bakshi

What's Going On With Eightco Holdings Stock Thursday?

Eightco Nasdaq Orbs Octo Dan Ives BitMine Immersion Technologies
Worldcoin,Cryptocurrency,Coin,On,Colorful,Background;,Color,Art

Eightco Holdings Inc. (NASDAQ:OCTO) shares slid after it announced on Thursday that its Nasdaq ticker symbol has officially changed to ORBS. The company said this rebranding does not affect shareholder rights and requires no action from investors.

The change follows a $270 million private placement to support Worldcoin’s treasury strategy. Among the investors were World Foundation, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, and BitMine Immersion Technologies (NYSEAMERICAN: BMNR), which contributed $20 million.

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