---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-009117"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:23:34.569698+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-009117
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924009117/0001437749-24-009117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924009117/nby20240324_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009117
- JSON: https://secwatch.observer/filing/0001437749-24-009117.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009117.txt

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