USBC, Inc. (USBC): debt financing — USBC draws $5M under MLA (total $10M); tokenized deposit Phase 1 testing ongoing

USBC, Inc.

USBC drew additional $5M under existing Master Loan Agreement with Payward Interactive, increasing total borrowings to $10M.
Loan carries 8.5% interest, matures April 27, 2027, secured by Bitcoin collateral held at Payward Financial.
Phase 1 tokenized deposit testing ongoing; development costs accelerating, $3.5M reimbursed to Vast Holdings under $10.5M cap.
Results from Phase 1 will inform timing of subsequent phases and potential retail product launch.

item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

USBC, Inc. incurred credit facility of $5.0 million with Payward Interactive at 8.5% per annum maturing April 27, 2027.

Instrument: credit facility
Principal: $5.0 million
Counterparty: Payward Interactive
Rate: 8.5% per annum
Maturity: April 27, 2027
Event: incurrence

Exact text from the filing

On April 27, 2026, USBC, Inc. (the “Company”) drew an additional fixed-rate borrowing of $5.0 million (the "Second Draw") under its previously disclosed Master Loan Agreement with Payward Interactive dated March 18, 2026 (the “MLA”), which provides for borrowings of up to $25.0 million in aggregate principal amount for up to a twelve-month term, subject to the execution of one or more individual loan term sheets.

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USBC, Inc. filing history →

Source: SEC EDGAR

accession 0001074828-26-000023

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