debt
confidence high
sentiment neutral
materiality 0.50
Know Labs extends Erickson-affiliate convertible notes to Sep 2025; rate raised to 8%
USBC, Inc.
- Two notes with J3E2A2Z LP, principal $519,833 and $664,233, extended to Sept 30, 2025.
- Interest rate increased from 6% to 8%, effective retroactively to Sept 30, 2024.
- Notes originally dated Jan 31, 2018; this is Amendment 11 for both notes.
- Amendments approved Oct 22, 2024; Ronald P. Erickson is manager of holder and Chairman of Know Labs.