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).

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Departed

Peter Conley

Other Named Officer

USBC · USBC, Inc.

Filed: Jun 06, 2025 23:59 UTC

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

Source: SEC EDGAR

accession 0001654954-25-006660

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