Know Labs, Inc. announced it has entered into an agreement with Goldeneye 1995 LLC, an affiliate of fintech investor Greg Kidd, for the acquisition of a controlling interest in the company. Upon closing, Mr. Kidd will assume the roles of Chief Executive Officer and Chairman of the Board of Directors.
Under the terms of the agreement, Goldeneye 1995 LLC will acquire shares of common stock based on a per-share purchase price of $0.335. The consideration includes 1,000 Bitcoin and a cash sum designated to retire existing debt, redeem outstanding preferred equity, and provide additional working capital.
A key strategic element of this acquisition is the introduction of a Bitcoin treasury strategy, which will provide investors with economic exposure to the digital asset. Founder Ron Erickson will transition to President of a new division focused on proprietary diagnostic research and Vice Chairman of the Board.
The transaction, which received unanimous approval from the Know Labs Board of Directors, is anticipated to close in the third quarter of 2025. The closing is contingent upon shareholder approval and the satisfaction of customary closing conditions.
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