secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2024-08-16T23:59:59+00:00
Accession:  0001654954-24-010805
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs raises $1.655M in registered direct offering of 6,365,385 units at $0.26/unit
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424010805/0001654954-24-010805-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424010805/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010805

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