Know Labs issues 16,916 Series H preferred shares to CEO affiliate in $1.18M debt conversion

USBC, Inc.

Converted $1,184,066 in insider debt into 16,916 shares of Series H Convertible Preferred Stock.
Series H has $70 stated value, 8% cumulative dividend; convertible into common at $0.335/share, subject to 19.99% ownership cap.
Conversion allowed after Sept 30, 2025; shares rank senior to common and junior to Series C and D preferred.
Issued unregistered under Section 4(a)(2) to an accredited investor (J3E2A2Z LP, affiliated with CEO Ronald Erickson).

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