---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029642"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:45:27.089964+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# NovaBay to sell Avenova brand for $9.5M to PRN; plans dissolution

## Summary
- NovaBay signs definitive agreement to sell Avenova assets to PRN for $9.5M cash; closing expected Q4 2024.
- Sale requires stockholder approval; company plans complete liquidation and dissolution if approved.
- CEO says Avenova will continue under PRN, which has network of 5,000+ eyecare professionals.
- Post-closing, NovaBay will distribute net proceeds to stockholders and other stakeholders per Delaware law.
- Termination fee of $500,000 payable to either party under specified conditions.

## SEC filing metadata
- accession: 0001437749-24-029642
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 8.01, 2.05, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924029642/0001437749-24-029642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924029642/nby20240918_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029642
- JSON: https://secwatch.observer/filing/0001437749-24-029642.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029642.txt

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