---
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"
generated_at: "2026-05-19T23:32:39.238743+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 5.03, 3.02, 3.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-006583
- JSON: https://secwatch.observer/filing/0001654954-25-006583.json
- Plain text: https://secwatch.observer/filing/0001654954-25-006583.txt

## Key facts
- Governance Changes
  USBC, Inc.: Certificate of Designation for Series H Convertible Preferred Stock filed and effective (effective 2025-06-02).
  - Change: charter amendment
  - Effective: 2025-06-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1074828/000165495425006583/0001654954-25-006583-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.