---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-036055"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:39:03.651679+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NovaBay adjourns special meeting on asset sale and dissolution; insufficient votes, reconvenes Dec 18

## Summary
- Special meeting Nov 22: only 43% of shares represented, insufficient votes for 50% threshold.
- Proposal One (sale of Avenova assets to PRN): ~89% of votes cast in favor.
- Proposal Two (liquidation and dissolution): ~88.5% of votes cast in favor.
- Adjourned to Dec 18, 2024 for further proxy solicitation.
- ISS recommended voting FOR both proposals.

## SEC filing metadata
- accession: 0001437749-24-036055
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774924036055/0001437749-24-036055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774924036055/nby20241122_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-036055
- JSON: https://secwatch.observer/filing/0001437749-24-036055.json
- Plain text: https://secwatch.observer/filing/0001437749-24-036055.txt

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