---
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"
generated_at: "2026-06-04T07:45:45.113944+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-009336
- JSON: https://secwatch.observer/filing/0001437749-24-009336.json
- Plain text: https://secwatch.observer/filing/0001437749-24-009336.txt

## Key facts
- Debt Financings
  Stablecoin Development Corp incurred convertible notes of $525,000.
  - Instrument: convertible notes
  - Principal: $525,000
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774924009336/0001437749-24-009336-index.htm
- M&A Transactions
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774924009336/0001437749-24-009336-index.htm

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