NovaBay revises Avenova sale to PRN; base price upped to $11.5M, bridge loan secured

Stablecoin Development Corp

Base purchase price for Avenova assets increased from $9.5M to $11.5M.
PRN provides up to $1.0M secured bridge loan at 10% interest, repayable from purchase price at closing.
Board determined Refresh proposal no longer superior; ended engagement with Refresh.
Special meeting to approve transaction remains scheduled for November 22, 2024.
Debt financing contingencies removed; PRN represents it has sufficient funding for the purchase price.

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