secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001654954-25-009164
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 3.02, 8.01, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425009164/0001654954-25-009164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495425009164/knwn_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-009164

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