secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001654954-24-010379
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs raises $3.445M in underwritten public offering of 13.25M units at $0.26/unit
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- Offering of 13,250,000 units, each consisting of one share of common stock and one warrant (exercise price $0.26).
- Gross proceeds of $3.445M; underwriters' over-allotment partially exercised for 1,987,500 warrants.
- Net proceeds to fund product development, clinical studies, IP, and working capital.
- Offering closed on August 9, 2024; Benchmark and Boustead acted as joint book-runners.
- Warrants exercisable at $0.26 per share; Representative options granted at same price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424010379/0001654954-24-010379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424010379/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010379

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