secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001654954-25-001652
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425001652/0001654954-25-001652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425001652/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-001652

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