USBC signs $22M unsecured note with CEO-owned Goldeneye 1995; 8.5% rate, matures Sept 2029

USBC, Inc.

USBC may borrow up to $22.0M from Goldeneye 1995 LLC under an unsecured promissory note dated Sept 25, 2026; no advances had been drawn as of the Oct 1, 2026 filing.
Interest accrues at 8.5% per annum, payable quarterly starting Dec 31, 2026; principal matures Sept 25, 2029, with an option to renew or extend up to one year.
Goldeneye is solely owned and managed by Robert Gregory Kidd, USBC's Chairman and CEO and holder of a majority of the company's voting power, making it a related-party transaction under Item 404.
Upon default the rate rises to 11.5%; the note is prepayable in whole or part without premium or penalty and repaid amounts may not be reborrowed.
Proceeds are earmarked for general corporate and working capital purposes; filing also references liquidity needs and collateral calls under the Bitcoin-backed credit facility.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.