secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001654954-24-015668
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs raises $300K in registered direct offering of units at $0.24 per unit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424015668/0001654954-24-015668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495424015668/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-015668

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