---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-012435"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T06:46:55.264564+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Know Labs prices $7M public offering of 28M shares at $0.25 per share

## Summary
- Firm commitment underwritten offering of 28,000,000 common shares at $0.25/share, gross proceeds $7M.
- Net proceeds to Know Labs after underwriting discounts and expenses approximately $6.39M.
- Underwriters granted 30-day over-allotment option for up to 4,200,000 additional shares.
- Issued representatives' warrants to Boustead and Benchmark for 1,960,000 shares at $0.25, exercisable until Sept 2028.
- Proceeds intended for product development, clinical studies, IP, working capital, and G&A.

## SEC filing metadata
- accession: 0001654954-23-012435
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000165495423012435/0001654954-23-012435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000165495423012435/knwn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-012435
- JSON: https://secwatch.observer/filing/0001654954-23-012435.json
- Plain text: https://secwatch.observer/filing/0001654954-23-012435.txt

## Key facts
- Material Agreements
  USBC, Inc. entered into Underwriting Agreement with Boustead Securities, LLC and The Benchmark Company, LLC as representatives of the underwriters valued at approximately $6.39 million (effective 2023-09-26).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Boustead Securities, LLC and The Benchmark Company, LLC as representatives of the underwriters
  - Value: approximately $6.39 million
  - Effective: 2023-09-26
  source text: On September 26, 2023, Know Labs, Inc. (the “ Company ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with Boustead Securities, LLC and The Benchmark Company, LLC as representatives (the “ Representatives ”) of the underwriters named on Schedule 1 thereto (the “ Underwriters ”), relating to the Company’s registered public offering (the “ Offering ”) of shares of the Company’s common stock, par value $0.001 per share (the “ Common Stock ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074828/000165495423012435/0001654954-23-012435-index.htm

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