secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2025-08-01T23:59:59+00:00
Accession:  0001654954-25-008797
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 5.02, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Know Labs shareholders approve 100x increase in authorized shares and private placement with change of control
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- Authorized common shares increased from 7.5M to 750M (approved 5,036,628 For, 329,796 Against).
- Private placement with Goldeneye 1995 LLC for >19.99% of shares and change of control approved (5,085,670 For, 266,619 Against).
- 2021 Equity Incentive Plan amended to add 48,950,000 shares; total pool now 50M shares (4,777,847 For, 582,030 Against).
- Special Meeting adjourned from July 24 to July 31, 2025; quorum achieved with 56.18% of Company Stock represented.
- All four proposals passed: authorized shares increase, private placement, plan amendment, and adjournment authority.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425008797/0001654954-25-008797-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425008797/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-008797

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