USBC (USBC) investor relations material

Company overview and business model

• Focuses on developing a U.S. dollar-denominated tokenized deposit product leveraging blockchain and digital identity, aiming to combine regulatory protections of traditional bank deposits with blockchain efficiency and programmability.

• Strategic partnerships with Vast Bank (issuing bank) and Uphold (platform integration) to deliver the tokenized deposit offering, with a multi-phase rollout strategy including internal pilots and planned commercial launch.

• Holds a significant Bitcoin treasury as a reserve asset, using it for yield generation and as collateral for financing product development and operations.

• Transitioned from a legacy diagnostics technology business to a fintech platform, divesting non-core assets and rebranding.

Financial performance and metrics

• As of July 10, 2026, held approximately $66.1 million in Bitcoin (1,030.53 BTC), representing the principal component of the balance sheet.

• Outstanding borrowings of $15 million under a Bitcoin-collateralized Master Loan Agreement, with a maximum facility of $25 million and an 8.5% interest rate.

• Incurred $5.3 million in development reimbursements to Vast Bank as of June 30, 2026, under a capped affiliate services agreement.

• No proceeds expected from the current offering, as all shares are being sold by existing stockholders.

Use of proceeds and capital allocation

• Will not receive proceeds from the sale of shares by selling stockholders; proceeds from Bitcoin-backed loans are allocated to product development, working capital, and general corporate purposes.

• Bitcoin holdings are used as a strategic reserve and for yield generation through options trading.