secwatch.observer — SEC 8-K summary
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Issuer:     Stablecoin Development Corp (SDEV)
CIK:        0001389545
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001437749-21-026234
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389545/000143774921026234/0001437749-21-026234-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389545/000143774921026234/nby20211110_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-026234

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer