Know Labs effects 1-for-40 reverse stock split, trading moves to OTC Pink under KNWND

USBC, Inc.

Reverse split at 1:40 effective Feb 19, 2025; authorized shares cut from 300M to 7.5M.
Outstanding shares reduced from ~112.4M to ~2.8M; fractional shares rounded up to whole shares.
Ticker temporarily changes to KNWND for 20 days, then to KNWN on OTC Pink Market.
Split aims to regain NYSE American compliance after delisting proceedings started due to bid price under $0.10.
Company is appealing delisting to NYSE Listings Qualifications Panel; suspension during appeal.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

USBC, Inc.: Approved a 1-for-40 reverse stock split and filed Certificate of Change with Nevada Secretary of State, reducing authorized shares from 300,000,000 to 7,500,000 (effective 2025-02-19).

Change: charter amendment
Effective: 2025-02-19

Exact text from the filing

The Board of Directors of Know Labs, Inc., a Nevada corporation (the “Company”) approved a reverse stock split of the Company’s authorized and issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”) at a ratio of 1-for-40 (the “Reverse Stock Split”). The Company filed a Certificate of Change (the “Certificate of Change”) pursuant to Nevada Revised Statutes Section 78.209 with the Secretary of State of the State of Nevada on February 10, 2025.

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83 governance changes filed in the last 30 days. Browse all governance changes →

USBC, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-25-001652

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