Eightco Holdings, a provider of e-commerce inventory solutions, closed an asset-based lending facility from several investors, including members of its management team and the founders of Forever 8.
The ABL strengthens Eightco’s financial position and paves the way for continued expansion. With Forever 8’s plans to enter multiple markets, the ABL provides the necessary capital to fuel growth.
“We are excited to announce this ABL,” Brett Vroman, CFO of Eightco Holdings, said. “This strategic financing solution equips us with the capital needed to support Forever 8’s expansion and seize significant growth opportunities with new and existing customers. By ensuring improved inventory liquidity, we can drive value for our shareholders while meeting the evolving needs of our customers.”
