---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-006555"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T03:27:45.506478+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-006555
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2025-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774925006555/0001437749-25-006555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774925006555/nby20250307_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-006555
- JSON: https://secwatch.observer/filing/0001437749-25-006555.json
- Plain text: https://secwatch.observer/filing/0001437749-25-006555.txt

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