debt
confidence high
sentiment neutral
materiality 0.50
Know Labs enters bridge loan agreement for up to $350,000 with Goldeneye 1995 LLC
USBC, Inc.
- Initial term loan of $90,000 funded on July 28, 2025; additional loans up to $260,000 at lender's discretion.
- Bridge loan accrues interest at 12% per annum; maturity on the earlier of Jan 28, 2026 or demand by lender.
- Proceeds intended to bridge to a previously announced private placement of common stock.
- Event of default triggers acceleration of all principal and accrued interest; default includes non-payment or bankruptcy.
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