other material
confidence high
sentiment neutral
materiality 0.40
Know Labs raises $300K in registered direct offering of units at $0.24 per unit
USBC, Inc.
- 1,250,000 units sold at $0.24/unit, each unit = one share + one warrant exercisable at $0.24 for 5 years.
- Gross proceeds ~$300K before fees; net proceeds for KnowU glucose monitor development, clinical studies, and working capital.
- Placement agent Boustead Securities receives 7% cash fee and a warrant for 87,500 shares at $0.24.
- Warrants include cashless exercise option; offering priced at-the-market under NYSE American rules.
- Offered via effective shelf registration S-3 (File 333-276246) and prospectus supplement filed December 13, 2024.