---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-012586"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T15:39:39.627732+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovaBay receives NYSE American delisting notice for insufficient stockholders' equity

## Summary
- Stockholders' equity was $3.3M as of Dec 31, 2023, below $4M and $6M thresholds.
- Must submit compliance plan by May 18, 2024; regain compliance by Oct 18, 2025 to avoid delisting.
- Trading continues with '.BC' indicator appended to ticker; no immediate impact on operations.
- Company intends to submit a plan to NYSE American within prescribed timeframe.

## SEC filing metadata
- accession: 0001437749-24-012586
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924012586/0001437749-24-012586-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924012586/nby20240419_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012586
- JSON: https://secwatch.observer/filing/0001437749-24-012586.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012586.txt

## Key facts
- Listing & Compliance Notices
  Stablecoin Development Corp received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(ii), 1003(a)(iii)).
  - Exchange: nyse american
  - Notice: deficiency notice
  - Deficiency: stockholders equity
  - Rules: 1003(a)(ii), 1003(a)(iii)
  source text: April 18, 2024, NovaBay Pharmaceuticals, Inc. (the “ Company ”) received a notification (“ Deficiency Letter ”) from the NYSE American LLC (the “ NYSE American ”) stating that the Company is not in compliance with the minimum stockholders’ equity requirements of Sections 1003(a)(ii) and 1003(a)(iii) of the NYSE American Company Guide (the “ Company Guide ”) requiring stockholders’ equity of $4.0 million or more if the Company has reported losses from continuing operations and/or net losses in three of the four most recent fiscal years and $6.0 million or more if the Company has reported losses
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774924012586/0001437749-24-012586-index.htm

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