Know Labs Inc. Experiences Significant Stock Surge Following Acquisition

Know Labs, Inc., a medical device company specializing in non-invasive health monitoring systems, has seen its stock price surge dramatically following an acquisition announcement. The company, based in Seattle and operating in the health care sector, focuses on developing technologies for glucose monitoring and uses radio-microwave spectroscopy for in vivo molecular identification and measurement.

Stock Performance and Acquisition Details

On June 9, 2025, Know Labs’ stock experienced a remarkable rally, closing Friday’s session up 205% at $1.56. This surge continued into Monday’s pre-market trading, with shares soaring another 100% to $3.13. Over the past week, the stock has increased by 213%. This significant rise is attributed to the acquisition of Know Labs by Goldeneye 1995 LLC, an investment vehicle associated with Greg Kidd, former chief risk officer at Ripple.

The acquisition is primarily funded through Bitcoin, with Goldeneye 1995 LLC acquiring a controlling stake in Know Labs using 1,000 Bitcoin and additional cash. At the time of the transaction, the Bitcoin component alone was valued at over $105 million.

Market and Financial Context

Know Labs is listed on the NYSE American and operates within the electronic equipment, instruments, and components industry. As of June 9, 2025, the company’s close price was $3.02, with a 52-week high of $9.47 and a low of $0.02. The market capitalization stands at $3,830,000, and the price-to-earnings ratio is -0.078342, indicating the company is not currently profitable.

Investor Actions and Legal Investigations

The acquisition has prompted legal investigations by Halper Sadeh LLC, an investor rights law firm, which is examining Know Labs for potential violations of federal securities laws and breaches of fiduciary duties to shareholders. Shareholders are encouraged to learn more about their legal rights and options.

Industry and Market Reactions

Know Labs was highlighted as one of the top penny stocks to watch on June 10, 2025, by TipRanks, based on its high dollar volume. The company’s significant stock movement has drawn attention from investors and analysts, particularly due to the innovative use of Bitcoin in the acquisition process.

This acquisition marks a notable event in the health care and medical device sectors, showcasing the increasing intersection of cryptocurrency and traditional business transactions.