USBC, Inc. (USBC) Form 8-K — Oct 14, 2026
$USBCForm 8-KItems 1.01, 2.03, 8.01, 9.01Filed Oct 14, 2026, 9:21 AM ET0001074828-26-000084Original filing
USBC, Inc. entered a Second Addendum to its Master Loan Agreement with Payward Interactive on October 12, 2026, increasing the aggregate borrowing commitment from $25.0 million to $40.0 million. As of the effective date, $21.0 million was outstanding, leaving $19.0 million available. The facility is secured by Bitcoin held in custody with Payward Financial and now features cross-collateralization with the company's digital asset derivative obligations, meaning BTC collateral can be drawn against either set of obligations upon default.
Key figures
- Debt Amount
- 40000000
- Record date
- October 26, 2026
- Commitment fee
- 1.0% per annum on unused commitment
- Prior commitment
- $25.0 million
- Commitment expiry
- 12 months from October 12, 2026
- Annual meeting date
- December 17, 2026
- Outstanding principal
- $21.0 million
- Remaining availability
- $19.0 million
- Stockholder proposal deadline
- October 23, 2026
AI analysis
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