M&A - KNOW LABS, INC.

Add to your watchlist
Back to List of Mergers and Acquisitions

Form Type: 8-K

Filing Date: 2025-06-06

Corporate Action: Acquisition

Type: New

Accession Number: 000165495425006660

Filing Summary: On June 5, 2025, Know Labs, Inc. entered into a Securities Purchase Agreement with Goldeneye 1995 LLC for the issuance of shares of common stock. The agreement facilitated a private placement of 1,000 Bitcoin and a cash amount ranging from $12 million to $15 million, contingent upon various closing conditions including shareholder approval and amendment to the company’s charter. The company’s board approved the agreement unanimously. Various additional agreements were also made, including Voting and Support Agreements with stockholders holding approximately 37% of the voting power to vote in favor of the transaction. The company also planned to file a Registration Rights Agreement for the resale of shares.

Additional details:

Shares Issued: Shares of common stock equal to the Purchase Price divided by $0.335 per share


Purchase Price: 1,000 Bitcoin plus $12 million to $15 million


Shareholder Approval Required: Yes


No Shop Clause: Yes


Proxy Statement Requirement: Yes


Comments

No comments yet. Be the first to comment!