---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023740"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:40:42.810186+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovaBay raises ~$3.87M in public offering to redeem convertible debentures due Nov 2024

## Summary
- Gross proceeds $3.87M; offering included 1.16M shares, 2.04M pre-funded warrants, and 3.54M each of Series F-1/F-2/F-3 warrants.
- Pre-funded warrants priced at $1.09/unit; common shares at $1.10/unit; all warrants have exercise price of $1.10.
- Proceeds to redeem outstanding Original Discount Senior Secured Convertible Debentures due Nov 1, 2024 and for working capital.
- Closing on July 29, 2024; pro forma shares outstanding of 3,966,604 after exercise of pre-funded warrants.
- Ladenburg Thalmann acted as sole bookrunner; warrants include a one-time price reset after 60 days.

## SEC filing metadata
- accession: 0001437749-24-023740
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924023740/0001437749-24-023740-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924023740/nby20240727_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023740
- JSON: https://secwatch.observer/filing/0001437749-24-023740.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023740.txt

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