Know Labs enters $5M at-the-market offering agreement with Benchmark

USBC, Inc.

ATM agreement with Benchmark Company allows sale of up to $5M of common stock at prevailing market prices.
Benchmark receives 3.5% commission on gross proceeds; company reimburses certain expenses.
Sales may occur from time to time until all shares sold or agreement terminated; no obligation to sell.
Offers are made under effective shelf registration statement (333-276246) filed Dec 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

USBC, Inc. entered into At the Market Offering Agreement with The Benchmark Company, LLC valued at $5,000,000 (effective 2024-03-20).

Action: entry
Agreement: atm program
Counterparty: The Benchmark Company, LLC
Value: $5,000,000
Effective: 2024-03-20

Exact text from the filing

On March 20, 2024, Know Labs, Inc. (the “Company”) entered into an At the Market Offering Agreement (the “ATM Agreement”) with The Benchmark Company, LLC (“Benchmark”), as sales agent, pursuant to which the Company may, from time to time, offer and sell shares of its common stock, par value $0.001 per share (the “Shares”), through or to Benchmark as its sales agent or manager.

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USBC, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-24-003437

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