---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-032365"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T08:58:40.921675+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovaBay receives superior offer from Refresh Acquisitions for Avenova at $11.5M

## Summary
- Refresh offers $11.5M base purchase price for Avenova assets, vs $9.5M from PRN.
- Refresh provides $2M secured term loan at 10% interest, expected to be repaid at closing.
- Board determined Refresh offer is a Superior Proposal; PRN has until Nov 4, 2024 to counter.
- PRN deal remains in effect; board has not withdrawn recommendation pending PRN's response.
- Refresh affiliate RVL Pharmaceuticals markets Upneeq; complements Avenova products.

## SEC filing metadata
- accession: 0001437749-24-032365
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924032365/0001437749-24-032365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924032365/nby20241028_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-032365
- JSON: https://secwatch.observer/filing/0001437749-24-032365.json
- Plain text: https://secwatch.observer/filing/0001437749-24-032365.txt

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