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USBC Announces Completion of Corporate Name and Ticker Change Following Strategic Acquisition
Globenewswireยท 2025-08-15 12:35
Core Points - USBC, Inc. has changed its name from Know Labs, Inc. and will trade under the new ticker symbol "USBC" effective August 15, 2025 [1][2] - The name and ticker change follows the successful closing of a $125 million strategic acquisition by Goldeneye 1995 LLC, an affiliate of the new Chairman and CEO, Greg Kidd [2] - The company focuses on developing the USBC deposit token, a U.S.-dollar denominated tokenized deposit that utilizes blockchain technology [4] Company Overview - USBC, Inc. is a publicly traded multi-disciplinary technology company that develops financial services, including digital assets and banking solutions, as well as health monitoring research [3] - Under the leadership of Greg Kidd, the company aims to create long-term shareholder value by focusing on identity, inclusion, innovation, and risk management [4] Strategic Initiatives - USBC has implemented a bitcoin treasury strategy to support development and research across its divisions [4] - The USBC deposit token is designed to offer high-yield rewards and is embedded with digital identity features [4]