top of page
Search

Greg Kidd & Know Labs Announce Closing of $125M Strategic Acquisition

Aug 6, 2025
5 min read

  • Contribution of 1,000 Bitcoin to employ yield generation treasury strategy

  • Corporate name and ticker symbol will change to USBC

  • Greg Kidd to lead USBC as Chairman and CEO; USBC token sets new vision


CRYSTAL BAY, NV and SEATTLE, WA -- Greg Kidd and Know Labs, Inc. (NYSE American:  KNW (“Know Labs” or the “Company”) today announced the successful closing of the strategic acquisition of a controlling interest in the Company by Goldeneye 1995, LLC (“Buyer”), an affiliate of Mr. Kidd, on August 6, 2025, following approval by the Company’s shareholders. Upon closing of the transaction, Mr. Kidd was appointed Chief Executive Officer and Chairman of the Board of Directors.


Subsequent to closing, the Company’s corporate legal name will change to USBC, Inc., and its ticker symbol will change from KNW to USBC, unveiling a new vision centered on the USBC token. The USBC token is a U.S.-dollar denominated token leveraging digital identity and blockchain technology that is fully redeemable and earns high-yield rewards.


“The USBC token is an inclusive, compliant, and programmable digital dollar,” said Greg Kidd. “We believe this approach delivers a new standard for trust and utility in digital money, generating sustainable growth, and long-term value creation for our shareholders.”


USBC founding team member Linda Jenkinson has been appointed Vice Chair of the Board. As part of this board leadership transition, the composition of the full board of directors will be further assessed to ensure alignment with the Company’s new strategic direction. Joining Mr. Kidd’s executive leadership team are USBC founding team members Kirk Chapman as Chief Operating Officer and Kitty Payne as Chief Financial Officer, effective immediately. Ms. Payne and Mr. Chapman will lead the execution of the Company’s new vision and will be supported by veteran USBC team members who designed and developed the USBC platform from its inception, bringing with them decades of expertise in technology and finance.


Know Labs founder, Ron Erickson, will serve as President of a new division of the Company that has retained a team of scientists to continue its proprietary diagnostic research in non-invasive medical technology. Mr. Erickson will provide his visionary guidance and strategic oversight in the role of Lead Director on the Company’s Board.


Under the terms of the previously announced agreement, the Buyer contributed 1,000 Bitcoin and $15 million in cash to acquire 357.8 million new common shares. The Bitcoin will be employed by a yield generation treasury strategy and the cash contributed will be used to retire the Company’s existing debt, redeem outstanding preferred equity, and provide working capital.  


Effective August 15, 2025, the Company’s ticker symbol will change from KNW to USBC.  Shares of the Company’s common stock will continue to trade on the NYSE American under the new name USBC, Inc. (NYSE American: USBC) and the CUSIP number will remain unchanged. No shareholder action is required in connection with these changes.


Advisors


Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC served as exclusive financial advisor and Lowenstein Sandler LLP acted as legal advisor to the Buyer. Sichenzia Ross Ference Carmel LLP acted as legal advisor to the Company.


About Know Labs, Inc.


Know Labs, Inc., is a publicly traded, industry leading technology company developing transformative financial services and non-invasive health monitoring solutions. Under the leadership of newly-appointed Chairman and CEO, Greg Kidd, the Company has begun its transition into a multi-disciplinary enterprise that also strategically invests in pioneering technologies spanning digital assets and banking.  


As part of this shift, the Company is deploying a Bitcoin treasury strategy and investing in the further development of the USBC token, a digital U.S. dollar operating on blockchain technology embedded with digital identity that pays high-yield rewards through the USBC mobile app. With a focus on identity, inclusion, innovation, and risk management, the Company is dedicated to creating long-term shareholder value in a rapidly evolving financial landscape.


Follow Greg Kidd’s insights on Substack covering news, industry perspectives, and updates from the USBC ecosystem: https://usbc.substack.com/


Forward Looking Statements 


This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the current intent, beliefs, expectations and assumptions of the Company, its directors or its officers regarding the future of its business, future plans and strategies including its cryptocurrency treasury strategy, projections, anticipated events and trends, the economy and other future conditions, current state and federal securities laws, and other laws and regulations related to digital assets . Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. No forward-looking statement is a guarantee of future performance. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of Bitcoin and any associated unrealized gains or losses on digital assets that the Company may incur as a result of a decrease in the market price of Bitcoin below the value at which the Company’s Bitcoin are carried on its balance sheet; (ii) the effect of and uncertainties related to the ongoing volatility in interest rates; (iii) the Company’s ability to achieve and maintain profitability in the future; (iv) the impact of the regulatory environment on the Company’s business and complexities with compliance related to such environment including changes in state or federal securities laws or other laws or regulations; (v) changes in the accounting treatment relating to the Company’s Bitcoin holdings; (vi) the Company’s ability to respond to general economic conditions; (vii) the Company’s ability to manage its growth effectively and its expectations regarding the development and expansion of its business; (viii) the Company’s ability to access sources of capital, including equity and debt financing and other sources of capital to finance operations and growth and (ix) other risks and uncertainties more fully detailed in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K for the fiscal year ended September 30, 2024, Forms 10-Q and 8-K, and other reports filed with the SEC from time to time. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are only made as of this date, and the Company undertakes no duty to update such information after the date of this announcement except as required under applicable law.


Know Labs  Contact:

Alliance Advisors


 
 
 

81 Comments


nytwordlehints
4 days ago

A milestone close! Non-invasive diagnostics needs bold moves, and a 125M strategic acquisition signals serious belief in the technology. Congratulations to both teams. Thanks for sharing, merge fellas

Like

blogcommentsieuviet
5 days ago

https://hi88com.biz/ khiến mình chú ý đến cách các thông tin liên quan đến tài khoản được bố trí trong quá trình sử dụng thông thường. Mình thường dành thời gian cho những nội dung đang quan tâm trước rồi mới mở rộng sang các chức năng khác. Có lúc mình bắt đầu với Thể thao, chuyển sang Bắn cá rồi tiếp tục với Casino. Sau đó, mình tìm đến phần hướng dẫn bảo mật để xem những nội dung liên quan đến quản lý thông tin cá nhân. Khu vực này có mục đích riêng nên mình dễ nhận biết khi đã thay đổi loại hoạt động. Khi quay lại danh mục trước, mình thường dựa vào những mốc đã quen…

Like

nhattam291993
6 days ago

https://qq88.fun/ khiến tôi quan tâm đến cách nền tảng thể hiện thông tin của từng sản phẩm giải trí. Tôi thường xem xét tên gọi, phần giới thiệu và hướng dẫn đi kèm để xác định người dùng có thể hiểu nội dung trước khi truy cập hay không. Các mô tả ngắn gọn, đúng trọng tâm sẽ thuận tiện hơn những đoạn chữ dài nhưng thiếu phân cấp. Khi tìm hiểu baccarat, poker và roulette, tôi chú ý liệu thông tin về luật chơi có được đặt gần khu vực tương ứng hay không. Cách trình bày thống nhất giúp người dùng dễ đối chiếu giữa các lựa chọn mà không phải quay lại trang trước nhiều lần. Theo góc…

Like

blogcommentsieuviet
Oct 08

https://cm88.buzz/ khiến mình để ý đến cách bố cục hỗ trợ việc quan sát khi có nhiều nhóm sản phẩm xuất hiện trong cùng hệ thống. Mình thường nhìn cách các khu được phân chia trước rồi mới quyết định nội dung muốn khám phá. Với Nổ hũ, Xổ số và Thể thao, mỗi danh mục có vùng riêng nên mình dễ nhận biết lúc chuyển từ phần này sang phần khác. Sau vài lượt sử dụng, vị trí tương đối của các khu cũng trở nên quen hơn và mình ít phải dò lại toàn bộ giao diện. Cảm giác liền mạch thể hiện rõ hơn khi mình thay đổi chuyên mục liên tục trong một phiên. Nhìn tổng thể,…


Like

blogcommentsieuviet
Oct 07

cm88 làm mình để ý nhiều hơn đến cách những nội dung cụ thể nằm bên trong một hành trình rộng hơn. Khi đang khám phá Nổ hũ, mình chọn vài nội dung từ CQ9 trước khi chuyển qua Thể thao rồi tiếp tục với Xổ số và Keno. Việc đi từ provider sang một danh mục khác rồi xuống trò cụ thể khiến mình chú ý đến cách các lớp nội dung được phân chia. Sau đó, mình thử đảo hướng bằng cách bắt đầu từ Keno và tìm lại Nổ hũ. Qua vài lượt, mình dần quen với việc xác định danh mục trước, còn trò nhỏ hay provider trở thành những lựa chọn bên trong thay vì những…

Like

We are moving fast.
Subscribe and stay in the know.

Follow Us On:

  • LinkedIn
  • Twitter

Thanks. We will be in touch!

ask@knowlabs.co



© 2024, by Know Labs, Inc.

 

All rights reserved.

bottom of page