NovaBay special meeting adjourned again; asset sale and dissolution votes still short of needed 50% threshold

Stablecoin Development Corp

Special meeting reconvened Dec 18, 2024 adjourned to Jan 16, 2025 due to insufficient votes.
Proposal One (Avenova asset sale) has 89.3% support among voted shares; Proposal Two (dissolution) 88.2%.
Both proposals require favorable votes from 50% of all outstanding shares to pass.
ISS recommended voting FOR both proposals; company continues to solicit votes.
Record date Oct 15, 2024; stockholders can vote until Jan 15, 2025 11:59 pm ET.

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