The USBC, Inc. (NYSE American: USBC) SEC filings page on Stock Titan provides direct access to the company’s regulatory disclosures, along with AI-powered summaries that help explain complex documents in plain language. USBC is a Nevada-incorporated, publicly traded, multi-disciplinary technology company that focuses on digital financial technologies, including tokenized U.S. dollar deposits and a Bitcoin treasury strategy, as well as non-invasive health monitoring research.
Through its registration statements on Form S-1 and S-1/A, USBC outlines its business overview, corporate history, and strategic transition from its legacy non-invasive sensor technology operations as Know Labs, Inc. to a broader financial technology platform. These filings describe the USBC tokenized deposit offering, a U.S.-dollar denominated tokenized representation of a bank deposit account that operates on blockchain technology and is embedded with digital identity, and detail the establishment of a Bitcoin treasury as a primary reserve asset.
Current and prospective investors can review USBC’s Forms 8-K for information on material events, including the strategic investment by Goldeneye 1995 LLC, changes to its equity incentive plans, executive departures and related separation agreements, option repricing and new equity grants, and amendments to digital asset management agreements for its Bitcoin treasury strategy. These filings also document the company’s name and ticker change to USBC, Inc. and “USBC” on the NYSE American.
On Stock Titan, AI-generated insights highlight key sections of USBC’s filings, such as risk factor discussions, descriptions of the tokenized deposit model and Bitcoin treasury program, and details of significant capital transactions. Users can also track updates related to equity compensation plans and governance decisions reported under Item 5.02 of Form 8-K. Real-time integration with EDGAR helps ensure that new USBC filings, including future annual reports on Form 10-K, quarterly reports on Form 10-Q, and additional 8-Ks, are quickly available with concise explanations of their main points.
USBC, Inc. (USBC) reported the appointment of Daniel J. Beck as Chief Financial Officer, effective August 27, 2026. His employment is at will and he will also serve as the company’s Principal Financial and Accounting Officer.
Mr. Beck will receive an annual base salary of $400,000 and, subject to Compensation Committee approval, an option to purchase 2,500,000 shares of common stock under the 2021 Amended and Restated Equity Incentive Plan, with an exercise price equal to the market price at issuance. The option vests over four years, with 25% vesting on the first anniversary of grant and the remaining 75% vesting ratably over the next three years, conditioned on continued employment. USBC states there are no arrangements, family relationships, or related-party transactions connected to his appointment and discloses that Mr. Beck is a named defendant in ongoing SVB-related litigation, with no adverse factual findings or judgments concerning him to date.
USBC, Inc. (USBC) reported a Chief Financial Officer transition. On August 21, 2026, Kitty Payne informed the company she will move from serving as USBC’s CFO to become Chief Financial Officer of Vast Bank, N.A., an affiliated national bank headquartered in Tulsa, Oklahoma.
Ms. Payne will begin her new role at Vast Bank effective August 31, 2026. The company states that her move reflects the continued advancement of its tokenized deposit initiative, with Vast Bank serving as the initial issuing bank. USBC notes that her decision does not result from any disagreement regarding its operations, policies, or practices and that a successor CFO has been identified and will be announced separately.
USBC, Inc. director William Arthur Owens received a grant of options to purchase 120,000 shares of common stock on August 12, 2026 at an exercise price of $0.36 per share, expiring August 12, 2036. The options vest as to 10,000 shares on September 30, 2026 and in eleven additional quarterly installments of 10,000 shares through June 30, 2029. Following this grant, he holds options on 120,000 shares, a warrant covering 500 shares at $68.00 per share (reflecting a prior 1-for-40 reverse stock split), and 48,692 shares of common stock directly.
USBC, Inc. director Takesako Ichiro received a compensatory grant of options on 120,000 shares of common stock on August 12, 2026 under the Amended and Restated 2021 Equity Incentive Plan. The options have a $0.36 exercise price, vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029, and expire on August 12, 2036. Following this grant, he directly holds options on 120,000 shares, a warrant covering 500 shares at $68.00 per share, and 28,875 shares of common stock, all figures reflecting a 1-for-40 reverse stock split effective February 19, 2025.
USBC, Inc. reported that director Jon Pepper received a grant of stock options for 120,000 shares of common stock at an exercise price of $0.36 per share, expiring on August 12, 2036. The options vest as to 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029. Following this award, Pepper holds 37,850 shares of common stock directly and a warrant covering 500 shares at an exercise price of $68.00, which reflects a 1-for-40 reverse stock split effective February 19, 2025.
USBC, Inc. reported that director Larry K. Ellingson received a compensatory grant of an option to purchase 120,000 shares of common stock at an exercise price of $0.36 per share. The option expires on August 12, 2036 and vests 10,000 shares on September 30, 2026 and in eleven quarterly installments of 10,000 shares through June 30, 2029. Following this grant, Ellingson directly holds 25,404 shares of USBC common stock.
USBC, Inc. is a pre-revenue fintech company building a tokenized U.S. dollar deposit platform and running a Bitcoin treasury strategy. For the six months ended June 30, 2026, it reported a net loss of $46.3 million, including a $29.7 million unrealized loss on digital assets, $11.2 million of stock-based compensation, and a $2.5 million provision for credit losses, partly offset by an $12.0 million deferred tax benefit.
Total assets were $66.5 million, dominated by $58.1 million of digital assets (principally Bitcoin). Cash and cash equivalents were $3.0 million. The company has a $15.0 million Bitcoin‑collateralized loan outstanding, secured by Bitcoin valued at $22.8 million, and also generates option premium income from Bitcoin derivatives, producing $2.2 million realized gains in the first half.
USBC divested its legacy non‑invasive sensor business in March 2026 to focus on digital‑asset banking infrastructure. It has no revenue yet and is funding development largely through Bitcoin holdings, equity compensation, and debt. Management cites its cash, unencumbered digital assets, and credit facility in concluding there is no substantial doubt about its ability to continue as a going concern over the next 12 months.
USBC, Inc. drew an additional fixed-rate borrowing of $3.0 million on July 28, 2026 under its Master Loan Agreement with Payward Interactive, Inc., bringing total outstanding principal to $18.0 million of a $25.0 million facility at 8.5% interest, maturing July 28, 2027. These borrowings are secured solely by 479 Bitcoin held with an affiliate custodian, with collateral maintenance provisions; a 22.3% decline in collateral value as of July 31, 2026 would have reduced coverage to the 130% collateral call margin ratio, and no collateral calls or liquidations had occurred by that date.
The company also described progress on its multi-phase strategy to launch the USBC tokenized deposit product with Vast Bank. Phase 1 internal testing completed core technical readiness, Phase 2 expands invited-user testing and operational readiness, and later phases target an initial commercial launch and broader rollout, including USBC Pay for blockchain-based consumer–merchant payments on iOS and Android.
USBC, Inc. filed Amendment No. 4 to its Form S-1 to update disclosures and add exhibits for a resale registration of up to 359,815,000 shares of common stock, all held by existing investors Goldeneye 1995 LLC and J3E2A2Z LP. No additional securities are registered and USBC will not receive proceeds from stockholder sales.
The company is a financial technology firm developing the USBC U.S. dollar–denominated tokenized deposit platform on a permissioned, Solana-derived blockchain, in partnership with Vast Bank as issuing bank and Uphold as distribution partner. A multi-phase delivery strategy is underway, currently limited to internal pilot testing.
USBC pursues a Bitcoin treasury strategy; as of July 10, 2026 it held Bitcoin valued at approximately $66.1 million and had $15.0 million outstanding under a Bitcoin-collateralized Master Loan Agreement with total capacity of $25.0 million. As of July 10, 2026, common shares outstanding were 388,144,429, and the last reported share price on NYSE American was $0.32.
USBC, Inc. has obtained written consent from its majority stockholder, Goldeneye 1995 LLC, to implement a reverse stock split of its outstanding common stock at a ratio between 1-for-2 and 1-for-5. The action was approved by the board on June 12, 2026 and by Goldeneye on June 15, 2026, in lieu of a stockholder meeting.
The reverse split will reduce issued and outstanding shares but will not change the authorized common stock, which remains at 750,000,000 shares. As of July 6, 2026, there were 388,144,429 shares outstanding; Goldeneye holds 357,815,000 shares, or about 92.2%. No fractional shares will be issued; holdings will be rounded up to the next whole share.
The company states the main purposes are to support compliance with NYSE American continued listing requirements, improve marketability of the stock, and preserve flexibility for future financings. The exact split ratio and effective date will be chosen by USBC within 12 months of June 15, 2026, and cannot push the cumulative reverse-split ratio over 200:1 within the relevant two-year NYSE American look-back period.