---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-25-009164"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:03:25.470937+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Know Labs sells ~81% control for 1,000 Bitcoin & $15M; new CEO, CFO, COO assume roles

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-25-009164
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 3.02, 8.01, 5.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000165495425009164/0001654954-25-009164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000165495425009164/knwn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-25-009164
- JSON: https://secwatch.observer/filing/0001654954-25-009164.json
- Plain text: https://secwatch.observer/filing/0001654954-25-009164.txt

## Key facts
- Governance Changes
  USBC, Inc.: Changed company name to USBC, Inc. via Certificate of Amendment to Articles of Incorporation (effective 2025-08-15).
  - Change: charter amendment
  - Effective: 2025-08-15
  source text: On August 6, 2025, the Company filed a Certificate of Amendment to the Company’s articles of incorporation, as amended to date, effecting the Name Change.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074828/000165495425009164/0001654954-25-009164-index.htm
- M&A Transactions
  USBC, Inc. completed an acquisition involving Goldeneye 1995 LLC for 1,000 Bitcoin, and $15 million in cash (closed 2025-08-06).
  - Action: acquisition
  - Counterparty: Goldeneye 1995 LLC
  - Consideration: 1,000 Bitcoin, and $15 million in cash
  - Closing: 2025-08-06
  source text: stock, par value $0.001 per share (the “Common Stock”) to the Buyer, at a per Share purchase price of $0.335 in exchange for aggregate purchase price for the Shares of: (i) 1,000 Bitcoin, and (ii) $15 million in cash (together the “Purchase Price”). At its special stockholders meeting held on July 31, 2025, the Company’s stockholders approved: (i) the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074828/000165495425009164/0001654954-25-009164-index.htm

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