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Listed Company Know Labs Announces Name Change to USBC and Implements Bitcoin Treasury Strategy
Summary: According to reports from GlobeNewswire, listed company Know Labs, Inc. has officially changed its name to USBC, Inc. (NYSE American: USBC) and adopted the new stock symbol 'USBC'. This renaming follows the completion of a $125 million strategic acquisition by Goldeneye 1995 LLC on August 6, led by the new Chairman and CEO Greg Kidd. ...
According to reports from GlobeNewswire, listed company Know Labs, Inc. has officially changed its name to USBC, Inc. (NYSE American: USBC) and adopted the new stock symbol 'USBC'. This renaming follows the completion of a $125 million strategic acquisition by Goldeneye 1995 LLC on August 6, led by the new Chairman and CEO Greg Kidd. Kidd stated that the name change signifies the company's focus on the development of the USBC deposit token, a stablecoin based on blockchain technology with integrated digital identity features and high yield rewards. USBC has also adopted a Bitcoin treasury strategy to support its diversified business development in financial technology and health monitoring. The company emphasizes that existing shareholders do not need to take any action, and the CUSIP number remains unchanged. This transformation comes amidst global regulatory changes, with USBC specifically mentioning the risk of Bitcoin price fluctuations on its balance sheet in financial reports.
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