---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-001634"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T13:41:56.518975+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# NovaBay completes $11.5M Avenova asset sale; dissolution vote adjourned to Jan 30

## Summary
- Closed sale of Avenova eyecare business to PRN for $11.5M cash, net of $507,954 bridge loan payoff and $500K escrow.
- Stockholders approved asset sale at reconvened special meeting on Jan 16, 2025.
- Dissolution proposal has ~49% of outstanding shares in favor; meeting adjourned to Jan 30, 2025 to seek additional votes.
- CEO Justin Hall states proceeds will be used to optimize value for stockholders via planned liquidation.
- PRN entered a Transition Services Agreement (4 months) and a separate $85K consultancy with CFO Tommy Law.

## SEC filing metadata
- accession: 0001437749-25-001634
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 5.07, 8.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774925001634/0001437749-25-001634-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774925001634/nby20250123_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-001634
- JSON: https://secwatch.observer/filing/0001437749-25-001634.json
- Plain text: https://secwatch.observer/filing/0001437749-25-001634.txt

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