secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stablecoin Development Corp (SDEV)
CIK:        0001389545
Form:       8-K
Filed at:   2024-07-29T23:59:59+00:00
Accession:  0001437749-24-023740
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389545/000143774924023740/0001437749-24-023740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389545/000143774924023740/nby20240727_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023740

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer