other material
confidence high
sentiment neutral
materiality 0.30
Know Labs cancels special meeting after implementing 1-for-40 reverse stock split
USBC, Inc.
- Special meeting of stockholders scheduled for March 7, 2025 is canceled.
- Board used Nevada law authority to effect a 1-for-40 reverse stock split without shareholder vote.
- Reverse split became effective February 19, 2025; shares trade under temporary symbol KNWND on OTC Pink for 20 days.
- Stockholder approval was unnecessary because authorized and outstanding shares were proportionally reduced.