Know Labs (KNW) Stock Soars Over 200% On Acquisition Deal, Bitcoin Strategy
Posted On June 6, 2025
Know Labs Inc (NASDAQ:KNW) shares soared Friday afternoon after the company announced it will be acquired by Goldeneye 1995 LLC, an entity led by fintech investor and former Ripple Chief Risk Officer Greg Kidd. The stock closed on Friday up 206.97% at $1.56 a share.
What To Know: Goldeneye will acquire a controlling stake in Know Labs through a combination of 1,000 Bitcoin and cash to retire debt and fund operations, valuing shares at $0.335. The deal, expected to close in third-quarter 2025, will install Kidd as CEO and chairman.
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A major component of the strategy is the use …
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