Know Labs Enters Material Definitive Agreement
Ticker: USBC · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1074828
| Field | Detail |
|---|---|
| Company | Know Labs, Inc. (USBC) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 K |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, definitive-agreement
TL;DR
KNOW signed a big deal, details TBD.
AI Summary
Know Labs, Inc. announced on October 22, 2024, that it entered into a material definitive agreement. The filing does not provide specific details about the agreement or any associated dollar amounts or parties involved.
Why It Matters
This filing indicates a significant business development for Know Labs, Inc., potentially impacting its future operations and strategic direction.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.
Key Players & Entities
- KNOW LABS, INC. (company) — Registrant
- October 22, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 001-37479 (identifier) — Commission File Number
FAQ
What is the nature of the material definitive agreement entered into by Know Labs, Inc.?
The filing states that Know Labs, Inc. entered into a material definitive agreement on October 22, 2024, but does not provide specific details about the agreement itself.
Who are the other parties involved in this material definitive agreement?
The provided filing does not disclose the names of the other parties involved in the material definitive agreement.
Are there any financial terms or dollar amounts associated with this agreement?
The filing does not specify any financial terms or dollar amounts related to the material definitive agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on October 22, 2024.
What is the primary business of Know Labs, Inc. according to the filing?
Know Labs, Inc. is classified under Standard Industrial Classification code 3829, which pertains to Measuring & Controlling Devices, NEC.
Filing Stats: 488 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-10-25 17:45:51
Key Financial Figures
- $0.001 K — ch registered Common Stock, par value $0.001 KNW NYSE American LLC Indicate by chec
Filing Documents
- knwn_8k.htm (8-K) — 26KB
- knwn_ex101.htm (EX-10.1) — 10KB
- knwn_ex102.htm (EX-10.2) — 11KB
- 0001654954-24-013353.txt ( ) — 173KB
- knwn-20241022.xsd (EX-101.SCH) — 6KB
- knwn-20241022_lab.xml (EX-101.LAB) — 14KB
- knwn-20241022_cal.xml (EX-101.CAL) — 1KB
- knwn-20241022_pre.xml (EX-101.PRE) — 9KB
- knwn-20241022_def.xml (EX-101.DEF) — 2KB
- knwn_8k_htm.xml (XML) — 4KB
01 Entry into Material Definitive Agreement
Item 1.01 Entry into Material Definitive Agreement Amendment of Senior Secured Convertible Redeemable Notes On October 22, 2024, Know Labs, Inc. (the "Company") approved the Amendments below to the senior secured convertible redeemable notes with Ronald P. Erickson and/or entities with which he is affiliated, extending the due dates from September 30, 2024 to September 30, 2025 and increasing the interest rate from 6% to 8%.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibits. Exhibit No. Description of Exhibit 10.1 Amendment 11 dated October 22, 2024 to Convertible Redeemable Promissory Note dated January 31, 2018, by and between Know Labs, Inc. and J3E2A2Z LP. Filed herewith. 10.2 Amendment 11 dated October 22, 2024 to Convertible Redeemable Promissory Note dated January 31, 2018, by and between Know Labs, Inc. and J3E2A2Z LP. Filed herewith. 104 Coverage Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 25, 2024 KNOW LABS, INC. /s/ Ronald P. Erickson Name: Ronald P. Erickson Title: Chairman of the Board 3