NovaBay sets April 16 special meeting for dissolution vote; hires Lucid Capital for alternatives

Stablecoin Development Corp

Special meeting on April 16, 2025; record date March 18, 2025. Stockholders to vote on complete liquidation/dissolution.
Previous dissolution vote failed (≈49% support), short of required majority of outstanding shares.
Engaged Lucid Capital Markets to explore strategic alternatives: mergers, reverse mergers, partnerships, licensing.
Engagement fees: $100k upfront, up to $250k monthly, $800k transaction fee, $300k fairness opinion fee.
CEO says board evaluating multiple paths forward regardless of special meeting outcome.

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