---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-026234"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2021-11-12T23:59:59+00:00"
generated_at: "2026-06-28T09:03:09.050027+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovaBay closes $12M acquisition of DERMAdoctor; founders appointed to leadership, board seat planned

## Summary
- Acquisition of DERMAdoctor closed Nov 5, 2021 for $12M cash plus up to $3M earn-out over 2 years.
- Co-founders Dr. Audrey Kunin (Chief Product Officer) and Dr. Jeff Kunin (President) appointed; base salaries $200K and $150K respectively.
- Dr. Audrey Kunin to be appointed to NovaBay Board as Class I director no later than 2022 annual meeting.
- Funded by working capital and private placement of Series B preferred & warrants raising $15M gross proceeds.
- Q3 2021 earnings call scheduled for Nov 11 at 4:30 PM ET; will discuss combined company plans.

## SEC filing metadata
- accession: 0001437749-21-026234
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2021-11-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774921026234/0001437749-21-026234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774921026234/nby20211110_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-026234
- JSON: https://secwatch.observer/filing/0001437749-21-026234.json
- Plain text: https://secwatch.observer/filing/0001437749-21-026234.txt

## Key facts
- Executive change
  Dr. Audrey Kunin was appointed as Chief Product Officer at Stablecoin Development Corp.
  - Action: appointed
  - Role: Chief Product Officer
  source text: Drs. Audrey Kunin and Jeff Kunin were appointed to serve as DERMAdoctor’s Chief Product Officer and President, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774921026234/0001437749-21-026234-index.htm
- Executive change
  Dr. Jeff Kunin was appointed as President at Stablecoin Development Corp.
  - Action: appointed
  - Role: President
  source text: Drs. Audrey Kunin and Jeff Kunin were appointed to serve as DERMAdoctor’s Chief Product Officer and President, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774921026234/0001437749-21-026234-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.