---
schema_version: "secwatch.filing_event.v1"
accession: "0001074828-26-000081"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2026-10-01T13:00:00+00:00"
generated_at: "2026-10-12T14:17:49.539334+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001074828-26-000081
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2026-10-01T13:00:00+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000107482826000081/0001074828-26-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000107482826000081/usbc-20260925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001074828-26-000081
- JSON: https://secwatch.observer/filing/0001074828-26-000081.json
- Plain text: https://secwatch.observer/filing/0001074828-26-000081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.