secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2024-10-02T23:59:59+00:00
Accession:  0001654954-24-012655
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs receives NYSE American delisting notice for stockholders' equity deficiency
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- As of June 30, 2024, stockholders' deficit of $4.6M; losses in five most recent fiscal years triggered Sections 1003(a)(ii) and (iii).
- Must submit a compliance plan by Oct 27, 2024; deadline to regain compliance by Mar 27, 2026.
- Common stock continues trading under KNW with added “.BC” designation; no immediate impact on operations.
- Plan will cite expected strategic partnerships and technological progress to support higher valuation and regain compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424012655/0001654954-24-012655-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424012655/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-012655

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