Greg Kidd affiliate to acquire controlling interest in Know Labs with Bitcoin treasury strategy

USBC, Inc.

Buyer to pay 1,000 Bitcoin + $12M-$15M cash for shares at $0.335/share, achieving controlling interest.
Bitcoin will become principal balance sheet asset; management will use mNAV metric to measure premium/discount.
Greg Kidd to become CEO and Chairman; Ron Erickson becomes Vice Chairman and President of diagnostics division.
Closing expected Q3 2025, subject to shareholder approval; ~37% voting power already committed via support agreements.
Implied entry mNAV 1.22x, Bitcoin 82% of $128M market cap (assumes $105K/BTC).

item 1.01 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Peter Conley

Other Named Officer

USBC · USBC, Inc.

Filed: June 6, 2025, 7:59 PM ET

The Conley Amendment provides that Mr. Conley’s employment term will terminate automatically upon the consummation of the transactions contemplated by Purchase Agreement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Peter Conley was terminated as other_named_officer at USBC, Inc..

Action: terminated

Exact text from the filing

The Conley Amendment provides that Mr. Conley’s employment term will terminate automatically upon the consummation of the transactions contemplated by Purchase Agreement.

View on SEC.gov

USBC, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-25-006660

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