NovaBay sells DERMAdoctor for $1.07M; issues warrants/notes to secured parties as consent

Stablecoin Development Corp

Sale of DERMAdoctor to New Age Investments LLC for $1.07M, expected to close March 25, 2024.
Secured parties received Series D warrants (exercise $0.14, 1M shares each) or new convertible notes ($525K total, conversion $0.14) as consideration.
Conversion price of Series C Preferred Stock adjusted from $0.25 to $0.14 due to anti-dilution, adding ~2.79M common shares issuable.
Warrants and notes are unregistered, relying on private placement exemptions; warrants exercisable only after stockholder approval.
Subsidiary guarantee and DERMAdoctor's assets released as collateral upon closing of the sale.

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