m_and_a
confidence high
sentiment neutral
materiality 1.00
Know Labs sells ~81% control for 1,000 Bitcoin & $15M; new CEO, CFO, COO assume roles
USBC, Inc.
- Goldeneye 1995 LLC (Robert Kidd) acquired ~81% of Know Labs common stock on a fully diluted basis for 1,000 Bitcoin + $15M cash.
- New Bitcoin treasury strategy; entered Digital Asset Management Agreement with Hyrcanian, 1% annual management fee and 25% performance fee payable in Bitcoin.
- Robert Gregory Kidd appointed CEO, Chairman; Kitty Payne CFO; Kirk Chapman COO; Linda Jenkinson Vice Chair of board.
- Prior CEO Ronald Erickson transitions to President of Science Division, Senior VP; Peter Conley's employment terminated with 12 months severance.
- Company terminated existing debt: repaid Lind $2.35M, Struve $75K and converted ~3M shares, plus repurchased preferred stock.
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