---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-033650"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:25:02.989073+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-033650
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924033650/0001437749-24-033650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924033650/nby20241105_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-033650
- JSON: https://secwatch.observer/filing/0001437749-24-033650.json
- Plain text: https://secwatch.observer/filing/0001437749-24-033650.txt

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