USBC (USBC) investor relations material

Company overview and business model

• Operates as a financial technology company developing a U.S. dollar-denominated tokenized deposit platform leveraging blockchain and digital identity, aiming to combine regulatory protections of traditional banking with blockchain efficiency.

• The USBC network is built on a permissioned version of the Solana blockchain, with initial issuing bank partner Vast Bank, N.A., and technology integration partner Uphold.

• Tokenized deposits are digital representations of FDIC-insured U.S. dollar deposits, offering real-time settlement, programmability, and compliance features.

• The business model includes revenue sharing with partners based on deposit yields and program costs, with no direct network fees charged to end users.

• The company transitioned from a prior focus on non-invasive sensor technologies to fintech and digital asset treasury management in August 2025.

Financial performance and metrics

• As of August 24, 2026, held approximately $81 million in Bitcoin (1,029.25 BTC), representing the principal component of the balance sheet.

• Outstanding borrowings of $18 million under a Bitcoin-collateralized Master Loan Agreement, with a maximum facility of $25 million and an 8.5% interest rate.

• No shares have been issued or sold under the $14.5 million at-the-market Sales Agreement as of August 24, 2026.

• History of net losses and expects continued significant expenditures on product development and public company operations.

Use of proceeds and capital allocation

• Will not receive proceeds from the sale of shares by selling stockholders; proceeds from borrowings are used for product development, working capital, and general corporate purposes.

• Bitcoin holdings are used as a treasury reserve asset to generate yield and support business growth, with a strategy focused on options trading and not on further Bitcoin purchases.