USBC, Inc.: increases loan commitment to $40,000,000

What happened

• The filing reports that on Oct 12, 2026, USBC, Inc. entered into a Second Addendum to the Master Loan Agreement with Payward Interactive, Inc. that increases the aggregate borrowing commitment under the MLA from $25,000,000 to $40,000,000.
• The filing also reports that on Oct 12, 2026, the company amended its account control agreement governing the Bitcoin collateral securing borrowings under the MLA to provide for cross-collateralization with certain digital asset derivative transactions.
• The filing reports that on Oct 7, 2026, the board approved Dec 17, 2026 as the date of the 2026 annual meeting of stockholders, to be held virtually, and set Oct 26, 2026 as the record date.

Key details

• Aggregate borrowing commitment increased from $25,000,000 to $40,000,000; aggregate principal outstanding as of the effective date was $21,000,000, leaving $19,000,000 available for borrowing subject to conditions and collateral requirements.
• Borrowings under the MLA are secured by Bitcoin collateral held in custody with Payward Financial, Inc., and remain subject to collateral maintenance requirements, including specified margin requirements and liquidation rights in the event of a collateral shortfall.
• The Second Addendum replaces the previous addendum to the MLA in its entirety without affecting existing outstanding borrowings.
• For the annual meeting: meeting date Dec 17, 2026; record date Oct 26, 2026; deadline for stockholder proposals and director nominations Oct 23, 2026; the company stated it is informing stockholders because the meeting date is delayed by more than 30 days from the prior year under Rule 14a-5(f).

Why it may matter

• Item 1.01 and Item 2.03 were reported through the Second Addendum, which creates a direct financial obligation by increasing the loan commitment and modifies collateral arrangements to allow cross-collateralization with certain digital asset derivative transactions.
• Item 8.01 was reported for the board’s approval of the 2026 annual meeting date, record date, and filing deadlines for proposals and nominations.
• The filing does not show why the insider traded or why the company acted.