A new era for retail buying; London-based retail technology company Handshake raises $3.2M to scale AI-native platform
TechnologyOther
Handshake
Jun 1, 2026
USBC Completes Legacy Sensor Divestiture
Closed
TechnologyNevadaDivestiture
Deal Overview
USBC, Inc. completed the divestiture of its legacy sensor technology business effective March 27, 2026. The transaction was completed under an agreement between USBC and a newly formed entity controlled by USBC’s former Chairman and CEO, Ron Erickson.
USBC retained an ongoing economic interest in the non-invasive sensor technology through a revenue-sharing arrangement tied to future commercialization. USBC also agreed to provide a short-term bridge loan facility of up to $450,000 to support near-term liquidity needs of the newly formed entity.
Key Details
- Target
- Legacy sensor technology business
- Deal Size
- Under $10M
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