secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2024-10-28T23:59:59+00:00
Accession:  0001654954-24-013353
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs extends Erickson-affiliate convertible notes to Sep 2025; rate raised to 8%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424013353/0001654954-24-013353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424013353/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013353

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