secwatch / observer
8-K filed March 26, 2024, 7:59 PM ET ticker SDEV CIK 0001389545
M&A confidence high sentiment neutral materiality 0.55

Stablecoin Development Corp (SDEV): M&A transaction — NovaBay sells DERMAdoctor for $1.07M; issues warrants/notes to secured parties

Stablecoin Development Corp

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Stablecoin Development Corp incurred convertible notes of $525,000.

Instrument
convertible notes
Principal
$525,000
Event
incurrence
Exact text from the filing
on March 25, 2024, the Company issued the New Notes having an aggregate principal amount of $525,000 or will be convertible into an aggregate of 3,750,000 shares of Common Stock.
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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Stablecoin Development Corp completed a disposition involving New Age Investments LLC for $1,070,000 (closed 2024-03-25).

Action
disposition
Counterparty
New Age Investments LLC
Consideration
$1,070,000
Closing
2024-03-25
Exact text from the filing
14, 2024. Pursuant to the Purchase Agreement, the Company sold 100% of the membership units (the “ Membership Units ”) of DERMAdoctor to Buyer for a closing purchase price of $1,070,000, as adjusted for the payment of certain outstanding DERMAdoctor indebtedness and transaction expenses. The closing of the DERMAdoctor Sale Transaction was subject to certain
View on SEC.gov

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Stablecoin Development Corp filing history →

Source: SEC EDGAR
accession 0001437749-24-009336
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