USBC · USBC, Inc.

USBC's divestiture simplifies its operations by offloading the legacy non-invasive sensor business to Particle Acquisition Corporation, controlled by former executive Ronald P. Erickson, for nominal $1 consideration plus future upside through 10% revenue sharing on covered products and potential acquisition proceeds share. This related-party transaction, approved by the independent Audit Committee, allows USBC to retain economic interest without ongoing operational burden. Concurrently, USBC provided a $450,000 bridge note at 10% interest to support the buyer's transition, secured against intellectual property with default remedies preserving USBC's fallback position. Erickson's departure from the Board and Science Division leadership was amicable, tied to the closing, with separation terms governed by his prior employment agreement. The move reallocates capital toward USBC's core tokenized deposit fintech initiative, as highlighted in the press release, positioning the company for strategic evolution in digital assets while minimizing immediate financial impact.