# EDGAR Filing Document

**Accession Number:** 0001074828
**File Stem:** 0001654954-25-012215
**Filing Date:** 2025-10
**Character Count:** 18080
**Document Hash:** 994d9052510afd05c816afb4bfd99f64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-25-012215.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001654954-25-012215

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20251027

**EFFECTIVENESS DATE**: 20251027

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USBC, Inc.
- **CENTRAL INDEX KEY:** 0001074828
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 900273142
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-291083
- **FILM NUMBER:** 251417139

**BUSINESS ADDRESS:**
- **STREET 1:** 300 E 2ND STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89501
- **BUSINESS PHONE:** 775-239-7673

**MAIL ADDRESS:**
- **STREET 1:** 300 E 2ND STREET
- **STREET 2:** 15TH FLOOR
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KNOW LABS, INC.
- **DATE OF NAME CHANGE:** 20180525

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VISUALANT INC
- **DATE OF NAME CHANGE:** 20070220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Visualant, INC
- **DATE OF NAME CHANGE:** 20050106

**As filed with the Securities and Exchange Commission on October 24, 2025**

**Registration No. 333-**

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

---

| |
|:---|
| **USBC, INC.** |
| **(Exact name of Registrant as specified in its charter)**  |

---

---

| | |
|:---|:---|
| **Nevada** | **90-0273142** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**300 E 2nd Street, 15th Floor**

**Reno, Nevada 89501**

**(Address, including zip code, of Registrant's principal executive office)**

**Amended and Restated USBC, Inc. 2021 Equity Incentive Plan**

**(Full title of the plan)**

**Robert Gregory Kidd**

**Chief Executive Officer**

**USBC, Inc.**

**300 E 2nd Street, 15th Floor**

**Reno, Nevada 89501**

**775-239-7673** 

**(Name, address, including zip code, and telephone number, including area code, of agent for service)**

***Copies to:***

**Daniel L. Forman**

**Trevor A. Levine**

**Lowenstein Sandler LLP**

**1251 Avenue of the Americas**

**New York, NY 10020**

**(212) 419-5904**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

**EXPLANATORY NOTE**

This Registration Statement is filed by USBC, Inc. (the "Registrant") for the purpose of registering an aggregate 65,000,000 additional shares of the Registrant's common stock, par value $0.001 per share (the "Common Stock") issuable under the Amended and Restated USBC, Inc. 2021 Equity Incentive Plan (the "2021 Plan") following the approval of the Amendment and Restatement of Incentive Plan Proposal by the Registrant's stockholders at its annual meeting of stockholders held on September 29, 2025.

In accordance with Instruction E to Form S-8, the shares of Common Stock registered pursuant to this Registration Statement are of the same class of securities as the following prior registration statements on Form S-8, previously filed with the Securities and Exchange Commission (the "Commission") with respect to the 2021 Plan: (i) 500,000 shares under the 2021 Plan and 366,253 shares of Common Stock reserved for issuance under the 2011 Stock Incentive Plan, as amended (the "2011 Plan") on Form S-8 filed with the Commission on December 10, 2021 (File No. 333-261597), (ii) 550,000 shares of Common Stock on Form S-8 filed with the Commission on April 25, 2025 (File No. 333-286762) and (iii) 48,950,000 shares of Common Stock on Form S-8 filed with the Commission on August 5, 2025 (File No. 333-289254) (collectively, the "Prior Registration Statements").

The 500,000 shares under the 2021 Plan and 366,253 shares of Common Stock reserved for issuance under the 2011 Plan registered on Form S-8 filed with the Commission on December 10, 2021 have been adjusted as referenced herein to reflect the Registrant's 1-for-40 reverse stock split of the authorized and issued and outstanding shares of Common Stock (the "Reverse Stock Split") which became effective on February 19, 2025. As a result of the Reverse Stock Split, every 40 shares of Common Stock issued and outstanding were converted into one share of Common Stock along with the number of shares to be awarded under the 2021 Plan and the number of additional shares available pursuant to the "evergreen" provisions were also appropriately adjusted as a result of the Reverse Stock Split.

Pursuant to General Instruction E of Form S-8, the contents of Prior Registration Statements are incorporated into this Registration Statement by reference to the extent not modified or superseded hereby or by any subsequently filed document, which is incorporated by reference herein or therein.

**PART I**

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS**

In accordance with the rules and regulations of the Commission, the information called for in Part I of Form S-8 is not being filed with or included in this Registration Statement or in a prospectus or prospectus supplement pursuant to Rule 424 of the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 8. Exhibits.**

A list of exhibits included as part of this Registration Statement is set forth in the Exhibit Index to this Registration Statement and is incorporated herein by reference.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [4.1#](http://www.sec.gov/Archives/edgar/data/1074828/000165495425011446/usbc_ex101.htm) | [Amended and Restated USBC, Inc. 2021 Equity Incentive Plan (incorporated by reference to the Registrant's Current Report on Form 8-K filed October 3, 2025)](http://www.sec.gov/Archives/edgar/data/1074828/000165495425011446/usbc_ex101.htm) |
| [5.1\*](usbc_ex51.htm) | [Opinion of Holland & Hart LLP](usbc_ex51.htm) |
| [23.1\*](usbc_ex231.htm) | [Consent of BPM LLP, Independent Registered Public Accounting Firm](usbc_ex231.htm) |
| [23.2\*](usbc_ex51.htm) | [Consent of Holland & Hart LLP (included in 5.1 Opinion)](usbc_ex51.htm) |
| [24.1\*](#power) | [Power of Attorney (included on signature page hereto)](#power) |
| [107\*](usbc_ex107.htm) | [Filing Fee Table](usbc_ex107.htm) |

---

\* Filed herewith.

# Management contract or compensatory plan or arrangement.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Reno, Nevada, on October 24, 2025.

---

| | | |
|:---|:---|:---|
|  | **USBC, Inc.** | **USBC, Inc.** |
| Date: October 24, 2025 | By: | */s/ Robert Gregory Kidd* |
|  |  | Robert Gregory Kidd |
|  |  | Chief Executive Officer, President and Chairman <br>|

---

**POWER OF ATTORNEY AND SIGNATURES**

We, the undersigned officers and directors of USBC, Inc., hereby severally constitute and appoint Robert Gregory Kidd and Kitty Payne and each of them singly (with full power to each of them to act alone), to sign any and all amendments including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as full to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities held on the dates indicated:

---

| | | |
|:---|:---|:---|
| Person | Capacity | Date |
| */s/ Robert Gregory Kidd* | Chief Executive Officer, President and Chairman |  |
| Robert Gregory Kidd | *(Principal Executive Officer)* | October 24, 2025 |
| */s/ Kitty Payne* | Chief Financial Officer |  |
| Kitty Payne | *(Principal Financial and Accounting Officer)* | October 24, 2025 |
| /s/ *Linda Jenkinson* | Director/Vice-Chair |  |
| Linda Jenkinson |  | October 24, 2025 |
| */s/ Ronald P. Erickson* | Director |  |
| Ronald P. Erickson |  | October 24, 2025 |
| */s/ Jon Pepper* | Director |  |
| Jon Pepper |  | October 24, 2025 |
| /*s/ William A. Owens* | Director |  |
| William A. Owens |  | October 24, 2025 |
| */s/ Ichiro Takesako* | Director |  |
| Ichiro Takesako |  | October 24, 2025 |
| /s/ *John Cronin* | Director |  |
| John Cronin |  | October 24, 2025 |
| /s/ *Larry K. Ellingson* | Director |  |
| Larry K. Ellingson |  | October 24, 2025 |

---

## Exhibit 5.1

**EXHIBIT 5.1**

October 24, 2025

USBC, Inc.

300 E. 2nd Street, 15th Floor

Reno, Nevada 89501

Ladies and Gentlemen:

We have acted as counsel to USBC, Inc. (f/k/a Know Labs, Inc.), a Nevada corporation (the "***Company***"), in connection with the filing by the Company of a Registration Statement on Form S-8 with the Securities and Exchange Commission (the "***Commission***") on the date hereof (the "***Registration Statement***"). This opinion covers the issuance by the Company pursuant to the Registration Statement of 65,000,000 shares (the "***Shares***") of the Company's common stock, par value $0.001 per share issuable under the Amended and Restated USBC, Inc. 2021 Equity Incentive Plan (the "***Plan***") following the approval of the amendment and restatement of the Plan by the Company's stockholders at its annual meeting of stockholders on September 29, 2025.

This opinion letter is furnished to you at your request to enable you to fulfill the requirements of Item 601(b)(5) of Regulation S-K promulgated under the Securities Act (17 C.F.R. § 229.601(b)(5)) in connection with the Registration Statement, and no opinion is expressed or may be implied herein as to any matter pertaining to the contents of the Registration Statement other than the opinions expressly set forth below.

In arriving at the opinions expressed below, we have examined and relied on the following documents: (a) the Restated Articles of Incorporation of the Company, as amended; (b) the Second Amended and Restated Bylaws of the Company; (c) the consent of the Board of Directors of the Company provided to us approving the issuance of the Shares under the Plan, and (d) the Officer's Certificate provided to us by the Company, in which we have assumed the truthfulness and validity of such representations contained therein. In addition, we have examined and relied on the originals or copies certified or otherwise identified to our satisfaction of all such corporate records of the Company and such other instruments and other certificates of public officials, officers and representatives of the Company and such other persons, and we have made such investigations of law, as we have deemed appropriate as a basis for the opinions expressed below. We have assumed for purposes of this opinion that: (a) the genuineness and authenticity of all signatures on original documents; (b) the accuracy and completeness of all documents delivered to us and the authenticity of all documents submitted to us as originals; (c) the conformity to originals of all documents submitted to us as copies; (d) the accuracy, completeness and authenticity of certificates of public officials; (e) the legal capacity of all natural persons; and (f) the due authorization, execution and delivery of all documents by parties other than the Company. This opinion letter is given, and all statements herein are made, in the context of the foregoing.

We are opining herein as to Chapter 78 of the Nevada Revised Statutes, as amended, and applicable provisions of the Nevada Constitution. We express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction, or as to any matters of municipal law or the laws of any local agencies within any state.

Based on the foregoing, and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that the Shares have been duly authorized for issuance pursuant to the Plan, and when issued in accordance with the terms of the Plan, will be validly issued, fully paid and nonassessable.

The foregoing opinion is qualified to the extent that the enforceability of any document or instrument may be limited by or subject to bankruptcy, insolvency, fraudulent transfer or conveyance, reorganization, moratorium or other similar laws relating to or affecting creditors" rights generally, and general equitable or public policy principles.

We expressly disavow any obligation to advise you with respect to future changes in law or in our knowledge or as to any event or change of condition occurring subsequent to the date of this letter. This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Securities Act.

We consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement. We also consent to the reference to our firm under the heading "Legal Matters" in the Prospectus constituting a part of the Registration Statement. In giving these consents, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission.

Very truly yours, <br>/*s/ Holland & Hart LLP*

## Exhibit 23.1

**EXHIBIT 23.1**

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of our report (which contains an explanatory paragraph relating to the Company's ability to continue as a going concern as described in Note 2 to the consolidated financial statements) dated November 14, 2024, relating to the consolidated financial statements, which appears in the Annual Report on Form 10-K of USBC, Inc. (formerly Know Labs, Inc.), for the year ended September 30, 2024.

/s/ BPM LLP

BPM LLP

Santa Rosa, California

October 24, 2025

## Ex-Filing

?xml version='1.0' encoding='ASCII'? usbc_ex107.htm

&nbsp;&nbsp;&nbsp;&nbsp;**EXHIBIT 107**

**Calculation of Filing Fee Tables**

**FORM S-8**

(Form Type)

**USBC, INC.**

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1: Newly Registered and Carry Forward Securities</u>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Security**<br>**Type** | **Security**<br>**Class**<br>**Title** | **Fee**<br>**Calculation**<br>**or Carry**<br>**Forward**<br>**Rule** | **Amount**<br>**Registered** | **Maximum**<br>**Aggregate**<br>**Offering**<br>**Price** | **Fee**<br>**Rate** | **Amount of**<br>**Registration**<br>**Fee** |
| **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** | **Newly Registered Securities** |
| Fees to be paid | Equity | Common Stock, par value $0.001 per share (1) (2) | Other (3) | 65000000<br>$0.85915 <sup>(3)</sup> | $55844750 | $.0001381 | $7712.16 |
|  | **Total Offering Amount** | **Total Offering Amount** | **Total Offering Amount** | **Total Offering Amount** | $55844750 |  | $7712.16 |
|  | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** | **Total Fees Previously Paid** |  |  | $— |
|  | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  | $— |
|  | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  | $7712.16 |

---

(1) Represents shares of common stock, par value $0.001 (the "Common Stock"), of USBC, Inc. issuable under the Amended and Restated USBC, Inc. 2021 Equity Incentive Plan (the "2021 Plan").

(2) Pursuant to Rule 416 under the Securities Act of 1933, as amended (the "Securities Act"), there are also being registered any additional shares of Common Stock attributable to these registered shares which become issuable under the Plan by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrant's receipt of consideration which results in an increase in the number of outstanding shares of the Common Stock.

(3) Estimated solely for the purpose of calculating the filing fee which was computed in accordance with Rule 457(c) and Rule 457(h)(1) under the Securities Act, on the basis of the average of the high and low closing prices per share of the Common Stock as reported on the NYSE American on October 21, 2025.