Dan Ives, a longtime technology analyst, has been named chairman of the board. He described ORBS as more than a ticker, it stands for trust and identity in an AI realm. He emphasized that World’s Proof of Human system verifies identity without retaining personal data permanently, blending security and privacy.

Also Read: Eightco Chair Dan Ives Calls Sam Altman’s World Project The ‘Intersection Of AI And Crypto,’ Compares It To Nvidia, Palantir

The new system is underpinned by the world’s first iris-scanning Orb device. It is designed to ensure unique human verification, fair token distribution, and a trusted digital identity. The company sees this framework as a foundation for future online trust and secure transactions.

RF Lafferty & Co. acted as the exclusive placement agent. Cantor Fitzgerald advised lead investor MOZAYYX. Moelis & Company advised BitMine Immersion Technologies. Legal counsel included Winston & Strawn, Graubard Miller, and Lucosky Brookman LLP.

In addition to the placement, Eightco filed a $2.7 billion at-the-market prospectus with R.F. Lafferty, giving it the flexibility to issue shares gradually and strengthen its balance sheet.

Although ORBS shares rallied dramatically in recent days, early trading saw a pullback. The stock was down in premarket trading, reflecting some profit-taking after its sharp gains earlier this week. On Sept. 9, shares closed at about $40.17.

Price Action: OCTO shares are trading lower by 8.50% to $22.06 premarket at last check Thursday.

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