secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0001654954-25-001790
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs cancels special meeting after implementing 1-for-40 reverse stock split
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425001790/0001654954-25-001790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425001790/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-001790

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