Know Labs Files S-1 for Public Offering
Ticker: USBC · Form: S-1 · Filed: Jun 17, 2024 · CIK: 1074828
| Field | Detail |
|---|---|
| Company | Know Labs, Inc. (USBC) |
| Form Type | S-1 |
| Filed Date | Jun 17, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: s-1, registration-statement, public-offering
TL;DR
Know Labs just filed an S-1, looks like they're gearing up to sell stock to the public.
AI Summary
Know Labs, Inc. filed an S-1 registration statement on June 17, 2024, to register an unspecified number of common stock shares. The company, formerly known as Visualant Inc., is incorporated in Nevada and headquartered in Seattle, Washington. This filing indicates the company is preparing to offer its securities to the public, likely for fundraising purposes.
Why It Matters
This S-1 filing signals Know Labs' intention to raise capital by selling its stock to the public, which could fund future growth or operations.
Risk Assessment
Risk Level: medium — S-1 filings are typically made by companies seeking to raise capital through public offerings, which can be inherently risky for investors due to the early stage or unproven nature of the business.
Key Numbers
- 333-280273 — SEC File Number (Identifies this specific registration statement with the SEC.)
- 0001074828 — Central Index Key (Unique identifier for Know Labs, Inc. in the SEC's EDGAR system.)
Key Players & Entities
- Know Labs, Inc. (company) — Registrant
- Visualant Inc. (company) — Former company name
- Nevada (jurisdiction) — State of incorporation
- Seattle, Washington (location) — Principal executive offices
- Ronald P. Erickson (person) — Chief Executive Officer
- June 17, 2024 (date) — Filing date
FAQ
What is the purpose of this S-1 filing?
The S-1 filing is a registration statement required by the SEC for companies planning to offer securities, such as stock, to the public.
When was this S-1 filing submitted?
The S-1 filing was submitted to the SEC on June 17, 2024.
What is Know Labs, Inc.'s principal executive office address?
Know Labs, Inc.'s principal executive offices are located at 619 Western Avenue, Suite 610, Seattle, Washington 98104.
Has Know Labs, Inc. operated under a different name previously?
Yes, Know Labs, Inc. was formerly known as Visualant Inc. and Visualant, INC.
In which state is Know Labs, Inc. incorporated?
Know Labs, Inc. is incorporated in Nevada.
Filing Stats: 4,602 words · 18 min read · ~15 pages · Grade level 16 · Accepted 2024-06-17 16:52:17
Filing Documents
- knwn_s1.htm (S-1) — 1174KB
- knwn_ex231.htm (EX-23.1) — 3KB
- knwn_ex107.htm (EX-FILING FEES) — 24KB
- knwn_s1img1.jpg (GRAPHIC) — 7KB
- knwn_s1img19.jpg (GRAPHIC) — 7KB
- 0001654954-24-007853.txt ( ) — 1222KB
USE OF PROCEEDS
USE OF PROCEEDS 28 CAPITALIZATION 29
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 32
BUSINESS
BUSINESS 32 DIRECTORS AND EXECUTIVE OFFICERS 47
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 54
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 63 RELATED PARTY TRANSACTIONS OF DIRECTORS AND EXECUTIVE OFFICERS 64
DESCRIPTION OF SECURITIES
DESCRIPTION OF SECURITIES 71 MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS FOR HOLDERS OF OUR COMMON STOCK 79 MARKET FOR OUR COMMON STOCK, DIVIDENDS AND RELATED STOCKHOLDER INFORMATION 78 LEGAL MATTERS 85 EXPERTS 85 WHERE YOU CAN FIND MORE INFORMATION 85 DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION FOR SECURITIES ACT LIABILITIES 85 INCORPORATION BY REFERENCE 86 iv Table of Contents ABOUT THIS PROSPECTUS This prospectus constitutes a part of a registration statement on Form S1 (or, together with all amendments and exhibits thereto, the "Registration Statement") filed by us with the Securities and Exchange Commission, or the SEC, under the Securities Act of 1933, as amended, or the Securities Act. As permitted by the rules and regulations of the SEC, this prospectus omits certain information contained in the Registration Statement, and reference is made to the Registration Statement and related exhibits for further information with respect to Know Labs, Inc. and the securities offered hereby. With regard to any statements contained herein concerning the provisions of any document filed as an exhibit to the Registration Statement or otherwise filed with the SEC, in each instance reference is made to the copy of such document so filed. Each such statement is qualified in its entirety by such reference. We incorporate by reference important information into this prospectus. You may obtain the information incorporated by reference without charge by following the instructions under " Where You Can Find More Information ." You should carefully read this prospectus as well as additional information described under " Incorporation of Certain Information by Reference ," before deciding to invest in our securities. You should rely only on the information contained in, or incorporated by reference into, this prospectus or in any related freewriting prospectus. We and the underwriters have not authorized anyone to provide any info