---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-006660"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2025-06-06T23:59:59+00:00"
generated_at: "2026-05-19T18:01:42.899612+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001654954-25-006660
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2025-06-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000165495425006660/0001654954-25-006660-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000165495425006660/knwn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-006660
- JSON: https://secwatch.observer/filing/0001654954-25-006660.json
- Plain text: https://secwatch.observer/filing/0001654954-25-006660.txt

## Key facts
- Executive change
  Peter Conley was terminated as other_named_officer at USBC, Inc..
  - Action: terminated
  source text: The Conley Amendment provides that Mr. Conley’s employment term will terminate automatically upon the consummation of the transactions contemplated by Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074828/000165495425006660/0001654954-25-006660-index.htm

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