secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2025-07-30T23:59:59+00:00
Accession:  0001654954-25-008656
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs enters bridge loan agreement for up to $350,000 with Goldeneye 1995 LLC
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425008656/0001654954-25-008656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425008656/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-008656

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer