BUZZ-Know Labs shares more than triple as fintech investor plans Bitcoin-heavy takeover

Reuters

06-06

BUZZ-Know Labs shares more than triple as fintech investor plans Bitcoin-heavy takeover

** Shares of medtech firm Know Labs KNW.A rise 226% to $1.66 premarket

** Greg Kidd, a fintech investor, through Goldeneye 1995 LLC, is acquiring a controlling interest in Know Labs

** Know Labs says the purchaser will use 1,000 bitcoin as part of the transaction and will introduce a Bitcoin treasury strategy to provide investors with exposure to the digital asset

** Greg Kidd will become the CEO after the deal closes

** The Bitcoin will represent about 82% of the co's market cap after closing

** Deal expected to close in Q3 2025

** Know Labs founder Ron Erickson will become vice chairman and lead a division continuing the co's medical research

** As of last close, stock down 92.6% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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21:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Know Labs shares more than triple as fintech investor plans Bitcoin-heavy takeover</title></head><body><p>** Shares of medtech firm Know Labs <span>KNW.A</span> rise 226% to $1.66 premarket</p><p>** Greg Kidd, a fintech investor, through Goldeneye 1995 LLC, is <span>acquiring a controlling interest</span> in Know Labs</p><p>** Know Labs says the purchaser will use 1,000 bitcoin as part of the transaction and will introduce a Bitcoin treasury strategy to provide investors with exposure to the digital asset</p><p>** Greg Kidd will become the CEO after the deal closes</p><p>** The Bitcoin will represent about 82% of the co's market cap after closing</p><p>** Deal expected to close in Q3 2025</p><p>** Know Labs founder Ron Erickson will become vice chairman and lead a division continuing the co's medical research</p><p>** As of last close, stock down 92.6% YTD</p><p> 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