secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2023-09-29T23:59:59+00:00
Accession:  0001654954-23-012435
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495423012435/0001654954-23-012435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495423012435/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-012435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer