Eightco Holdings Inc. filed a Form 8-K on October 29, 2026, disclosing that its wholly owned subsidiary AI Innovation Capital LLC completed the sale of a portion of the company's indirect interest in OpenAI Group, PBC for aggregate gross cash proceeds of approximately $20.0 million.

Key Highlights

  • Sale completed October 26, 2026: AI Innovation Capital LLC, a wholly owned subsidiary of Eightco Holdings, completed the transaction on that date.
  • Gross proceeds of approximately $20.0 million: The sale generated aggregate gross cash proceeds of approximately $20.0 million, according to the filing.
  • Indirect OpenAI interest sold: The filing states the interest in OpenAI Group, PBC is held through a single purpose vehicle, and only a portion of that indirect interest was sold.
  • Third-party purchaser: The sale was made to a third-party purchaser; no further identification of the buyer is provided in the filing.
  • Press release issued October 29, 2026: The company issued a press release providing an update on operations, attached as Exhibit 99.1.

Eightco Holdings Discloses Partial Divestiture of Indirect OpenAI Group Interest

According to the Form 8-K filed with the SEC on October 29, 2026, Eightco Holdings Inc. (NASDAQ:ORBS) disclosed that AI Innovation Capital LLC, described in the filing as a wholly owned subsidiary of the company, completed the sale of a portion of the company's indirect interest in OpenAI Group, PBC on October 26, 2026. The filing states that this interest is held through a single purpose vehicle, and that the sale was made to a third-party purchaser for aggregate gross cash proceeds of approximately $20.0 million.

The filing does not specify what percentage of the indirect interest was sold, the identity of the third-party purchaser, or the total remaining indirect interest retained by the company following the transaction. The disclosure was made under Item 7.01, Regulation FD Disclosure, and the filing explicitly states that the information under that item "shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934" and is not subject to the liabilities of that section.

Alongside the transaction disclosure, the company reported that it issued a press release on October 29, 2026, providing an update on its operations. That press release was attached as Exhibit 99.1 and incorporated by reference. The filing was signed by Kevin O'Donnell, Chief Executive Officer of Eightco Holdings Inc.

What Was Disclosed

Eightco Holdings reported via an 8-K that its subsidiary AI Innovation Capital LLC sold a portion of its indirect interest in OpenAI Group, PBC through a single purpose vehicle to an unidentified third-party purchaser, generating approximately $20.0 million in aggregate gross cash proceeds as of October 26, 2026.