other material
confidence high
sentiment neutral
materiality 0.60
Know Labs raises $1.655M in registered direct offering of 6,365,385 units at $0.26/unit
USBC, Inc.
- Each unit consists of one share common stock and one warrant to buy one share at $0.26.
- Gross proceeds of $1.655M before expenses; offering closed August 15, 2024.
- Proceeds to fund KnowU glucose monitor development, clinical studies, IP, and working capital.
- Advisors Boustead Securities and Benchmark Company get 5% cash fee and warrants for 636,538 shares.
- Shares and warrants issued under effective S-3 shelf registration statement (File No. 333-276246).