India, June 9 -- Know Labs, Inc. (KNW), announced that it has entered into a definitive agreement with Goldeneye 1995 LLC, an affiliate of fintech investor and former Ripple Chief Risk Officer Greg Kidd, to acquire a controlling interest in the Company.
As part of the transaction, Kidd will assume the roles of Chief Executive Officer and Chairman of the Board upon closing.
The transaction marks a significant strategic shift for Know Labs, introducing a Bitcoin treasury strategy as a key component of the company's financial model.
The Buyer will acquire common shares at a per-share price of $0.335, with consideration including 1,000 Bitcoin and a cash component to eliminate existing debt, redeem preferred equity, and fund ongoing operatio...