{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-25-006583","form_type":"8-K","ticker":"USBC","cik":"0001074828","company_name":"USBC, Inc.","filed_at":"2025-06-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.430268+00:00","generated_at":"2026-05-19T23:32:39.238743+00:00","sec_items":["1.01","5.03","3.02","3.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Know Labs issues 16,916 Series H preferred shares to CEO affiliate in $1.18M debt conversion","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-25-006583","json":"https://secwatch.observer/filing/0001654954-25-006583.json","markdown":"https://secwatch.observer/filing/0001654954-25-006583.md","text":"https://secwatch.observer/filing/0001654954-25-006583.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1074828/000165495425006583/0001654954-25-006583-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1074828/000165495425006583/knwn_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T23:32:39.238743+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d57e548590d9d2d6bb1e37282a60cd3b5f33ab94","claim":"USBC, Inc.: Certificate of Designation for Series H Convertible Preferred Stock filed and effective (effective 2025-06-02).","evidence_excerpt":"On May 30, 2025, in connection with the Conversion Agreement, the Company’s Board of Directors approved the adoption and filing of a Certificate of Designation for 30,000 shares of Series H Convertible Preferred Stock (“Series H Certificate of Designation”), a newly created classes of preferred stock. The Series H Certificate of Designation were filed and became effective with the Secretary of State of Nevada on June 2, 2025.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1074828/000165495425006583/0001654954-25-006583-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-06-02"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}