Business Context and Reporting Period
This Form 8-K Current Report was filed by Know Labs, Inc. (not USBC, Inc.) on January 29, 2025. The report addresses a critical corporate event regarding the listing status of the Company's common stock on the NYSE American.
Key Financial Metrics
This filing is a current report regarding a listing event and does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial metric referenced is the low selling price of the Common Stock, which triggered the delisting proceedings.
Material Changes
- Delisting Notice: On January 29, 2025, NYSE American suspended trading and initiated delisting proceedings for Know Labs, Inc. common stock due to failure to meet the minimum bid price requirement (Section 1003(f)(v) of the Company Guide).
- Trading Symbol Change: Effective January 30, 2025, the Company's common stock began trading on the OTC Pink Market under the new symbol KNWN.
- Market Status: The stock is no longer listed on NYSE American pending the outcome of any appeals.
Guidance, Outlook, and Risks
- Appeal Process: The Company intends to request a review of the delisting determination by the Listings Qualifications Panel. The deadline to request this review is February 5, 2025.
- Future Listing Plans: The Company intends to apply for quotation on the OTCQB market, though there is no assurance of approval.
- Risks: There is no assurance that the appeal to the NYSE American will be successful. The Company explicitly states that actual results may differ materially from forward-looking statements regarding the ability to maintain or regain listing status.
Investor Verification Checklist
- Verify the current trading status and symbol (KNWN) on the OTC Pink Market.
- Monitor the status of the Company's appeal to the NYSE American Listings Qualifications Panel (deadline: February 5, 2025).
- Review the Company's recent 10-K or 10-Q filings for the specific stock price history and financial condition that led to the low bid price violation.
- Confirm whether the Company has successfully applied for OTCQB quotation.