USBC, Inc. (USBC) has amended its Master Loan Agreement to increase its borrowing commitment by $15 million. The company entered into a Second Addendum to the agreement with Payward Interactive, Inc. on October 12, 2026. This amendment raises the total aggregate borrowing commitment under the agreement from $25.0 million to $40.0 million.
As of the effective date of the amendment, the aggregate principal amount outstanding under the agreement was $21.0 million. Consequently, an aggregate of $19.0 million remains available for borrowing, subject to applicable borrowing conditions and collateral requirements. The amendment replaces a previous addendum in its entirety without affecting existing outstanding borrowings.
Borrowings under the Master Loan Agreement are secured by Bitcoin collateral held in custody with Payward Financial, Inc., an affiliate of the Lender. The company also amended its Account Control Agreement on October 12, 2026, to expand collateral arrangements. This amendment allows for cross-collateralization between obligations under the Master Loan Agreement and certain digital asset derivative transactions.
In other company news, the Board of Directors approved December 17, 2026, as the date for the 2026 Annual Meeting of Stockholders, which will be held virtually. The Board established October 26, 2026, as the record date for determining stockholders entitled to vote. The company noted that the meeting date is delayed by more than 30 days from the anniversary of the 2025 annual meeting. Stockholders wishing to nominate directors or submit proposals must deliver notice to the Secretary no later than October 23, 2026.
