{"filing":{"accession_number":"0001074828-26-000030","cik":"0001074828","ticker":"USBC","company_name":"USBC, Inc.","form":"8-K","filing_date":"2026-06-04","report_date":null,"primary_document":"usbc-20260601.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1074828/000107482826000030/usbc-20260601.htm"},"events":[{"id":3317,"run_id":2902,"accession_number":"0001074828-26-000030","anchor_item_number":"2.03","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"summary":"USBC drew an additional $5.0 million under its Master Loan Agreement with Payward Interactive, bringing total borrowings to $15.0 million at 8.5% interest, secured by Bitcoin collateral with a 130% margin call threshold.","company_name":"USBC, Inc.","ticker":"USBC","filing_date":"2026-06-04","items":[{"id":4237,"accession_number":"0001074828-26-000030","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"USBC drew an additional $5.0 million under its Master Loan Agreement with Payward Interactive, bringing total borrowings to $15.0 million. While Item 2.03 typically signals covenant breaches or triggering events that accelerate obligations, this disclosure describes a routine draw under a pre-existing credit facility with no indication of default, covenant violation, or cross-default. The material aspect is the creation of a new $5.0 million direct financial obligation at 8.5% interest, secured by Bitcoin collateral with a 130% margin call threshold—a material debt obligation that would affect investor assessment of leverage and liquidity, but the event itself is a standard borrowing rather than a breach or acceleration event.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T04:51:28.715056+00:00","company_name":"","ticker":null,"filing_date":""}]},{"id":3318,"run_id":2902,"accession_number":"0001074828-26-000030","anchor_item_number":"8.01","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"summary":"USBC disclosed its multi-phase development and deployment strategy for a tokenized deposit product in collaboration with Vast Bank, with Phase 1 infrastructure and technical testing underway, $3.9 million in reimbursements to Vast incurred to date under a $10.5 million capped Affiliate Services Agreement, and anticipated significant future development costs.","company_name":"USBC, Inc.","ticker":"USBC","filing_date":"2026-06-04","items":[{"id":4238,"accession_number":"0001074828-26-000030","item_number":"8.01","item_title":"Other Events","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes USBC's multi-phase development and deployment strategy for a tokenized deposit product in collaboration with Vast Bank, including progress on Phase 1 (core infrastructure, technical testing of features like ACH funding and spending functionality), planned limited market testing, and anticipated significant future development costs. The company has incurred $3.9 million in reimbursements to Vast as of May 31, 2026, under a $10.5 million capped Affiliate Services Agreement. While this is a material strategic initiative affecting the company's business direction and capital allocation, it does not fit neatly into more specific event categories (not an earnings release, M\u0026A activity, impairment, or litigation), making it appropriately classified as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T04:51:28.715056+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":4237,"accession_number":"0001074828-26-000030","item_number":"2.03","item_title":"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.72,"reasoning":"USBC drew an additional $5.0 million under its Master Loan Agreement with Payward Interactive, bringing total borrowings to $15.0 million. While Item 2.03 typically signals covenant breaches or triggering events that accelerate obligations, this disclosure describes a routine draw under a pre-existing credit facility with no indication of default, covenant violation, or cross-default. The material aspect is the creation of a new $5.0 million direct financial obligation at 8.5% interest, secured by Bitcoin collateral with a 130% margin call threshold—a material debt obligation that would affect investor assessment of leverage and liquidity, but the event itself is a standard borrowing rather than a breach or acceleration event.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T04:51:28.715056+00:00","company_name":"USBC, Inc.","ticker":"USBC","filing_date":"2026-06-04"},{"id":4238,"accession_number":"0001074828-26-000030","item_number":"8.01","item_title":"Other Events","event_type":"other_material","event_domain":"catchall","is_material":true,"confidence":0.75,"reasoning":"This disclosure describes USBC's multi-phase development and deployment strategy for a tokenized deposit product in collaboration with Vast Bank, including progress on Phase 1 (core infrastructure, technical testing of features like ACH funding and spending functionality), planned limited market testing, and anticipated significant future development costs. The company has incurred $3.9 million in reimbursements to Vast as of May 31, 2026, under a $10.5 million capped Affiliate Services Agreement. While this is a material strategic initiative affecting the company's business direction and capital allocation, it does not fit neatly into more specific event categories (not an earnings release, M\u0026A activity, impairment, or litigation), making it appropriately classified as other_material.","classifier_version":"claude-haiku-4-5-20251001+prompt-9e0ffca5","taxonomy_version":"v1","classified_at":"2026-06-05T04:51:28.715056+00:00","company_name":"USBC, Inc.","ticker":"USBC","filing_date":"2026-06-04"}]}