Eightco Holdings (OCTO) shares jumped more than 50% in recent premarket activity Wednesday after the company said it aims to generate revenue of $100 million next year, with a positive Ebitda at the public company level.

The company said it plans to seek non-dilutive senior debt financing to replace the capital used to repay its dilutive convertible notes in Q1 of this year.

Price: 3.8200, Change: +1.33, Percent Change: +53.41