{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-009336","form_type":"8-K","ticker":"SDEV","cik":"0001389545","company_name":"Stablecoin Development Corp","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.025088+00:00","generated_at":"2026-06-04T07:45:45.113944+00:00","sec_items":["2.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"NovaBay sells DERMAdoctor for $1.07M; issues warrants/notes to secured parties","bullets":["Sold wholly-owned subsidiary DERMAdoctor for $1,070,000, adjusted for debt and expenses.","To obtain secured-party consent, issued Series D Warrants for 1M shares and $525K New Notes convertible into 3.75M shares.","Transaction closed March 25, 2024; warrants and notes issued under private placement exemption."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-009336","json":"https://secwatch.observer/filing/0001437749-24-009336.json","markdown":"https://secwatch.observer/filing/0001437749-24-009336.md","text":"https://secwatch.observer/filing/0001437749-24-009336.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389545/000143774924009336/0001437749-24-009336-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389545/000143774924009336/nby20240325_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:45:45.113944+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ca0228eec6abf0138b0ee24f09e57b0c27c17979","claim":"Stablecoin Development Corp incurred convertible notes of $525,000.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389545/000143774924009336/0001437749-24-009336-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$525,000"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"520ed495672d7b93f2b459cf6ace7e7d573bfe29","claim":"Stablecoin Development Corp completed a disposition involving New Age Investments LLC for $1,070,000 (closed 2024-03-25).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1389545/000143774924009336/0001437749-24-009336-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"New Age Investments LLC"},{"label":"Consideration","value":"$1,070,000"},{"label":"Closing","value":"2024-03-25"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}