United States Basketball League, Inc. (“USBL”) is a holding company currently evaluating and assessing new business opportunities. The Company was incorporated in Delaware on May 29, 1984 as a wholly owned subsidiary of Meisenheimer Capital, Inc. (“MCI”) for the purpose of developing and managing a professional basketball league, the United States Basketball League (the “League”). Since the inception of the League, USBL has primarily engaged in selling franchises and managing the League. From 1985 and up to the present time, USBL has sold a total of approximately forty active franchises (teams), a vast majority of which were terminated for non-payment of their respective franchise obligations. Seasons from 2008 through 2018, inclusive, have been cancelled.
Company profile
Ticker
SPEV
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
UNITED STATES BASKETBALL LEAGUE INC
SEC CIK
Latest filings (excl ownership)
10-QT
Quarterly report for transitional period
18 Jul 24
NT 10-Q
Notice of late quarterly filing
15 Jul 24
8-K
Amendments to Articles of Incorporation or Bylaws
15 Jul 24
10-K
2024 FY
Annual report
13 Jun 24
NT 10-K
Notice of late annual filing
30 May 24
EFFECT
Notice of effectiveness
17 Apr 24
S-1/A
IPO registration (amended)
4 Apr 24
S-1/A
IPO registration (amended)
25 Mar 24
S-1/A
IPO registration (amended)
18 Mar 24
S-1/A
IPO registration (amended)
14 Feb 24
Financial summary
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Mar 23 | EROP Capital | Common stock | Buy | Acquire P | No | No | 0 | 1,600,000 | 0.00 | 3,799,146 |
11 Feb 23 | EROP Capital | Common stock | Sell | Dispose S | No | No | 0 | 2,323,700 | 0.00 | 2,199,146 |