---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-018930"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-05-31T23:59:59+00:00"
generated_at: "2026-06-01T07:07:11.968565+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NovaBay effect 1-for-35 reverse stock split effective May 30, 2024

## Summary
- Reverse stock split at 1-for-35 ratio; effective 4:15 p.m. ET on May 30, 2024.
- No fractional shares; additional whole share issued for fractional entitlements.
- Authorized shares unchanged at 150,000,000; par value remains $0.01 per share.
- Common stock began trading on split-adjusted basis May 31, 2024 under symbol NBY.
- New CUSIP number is 66987P 409; same NYSE American listing.

## SEC filing metadata
- accession: 0001437749-24-018930
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924018930/0001437749-24-018930-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924018930/nby20240531_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-018930
- JSON: https://secwatch.observer/filing/0001437749-24-018930.json
- Plain text: https://secwatch.observer/filing/0001437749-24-018930.txt

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