---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-007045"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-24T23:25:49.308459+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NovaBay settles warrant disputes with Sabby, Bigger, District 2; secures voting support for dissolution

## Summary
- Sabby settlement: exercises 263,892 warrants at $0.66/share; company buys back remaining 1,008,834 warrants for $1.125M.
- Bigger and District 2 settlements: each exercises 131,946 warrants at $0.66; company buys back 504,416 warrants each for ~$344,924.
- Sabby, Bigger, District 2 commit to vote for dissolution; liquidated damages of $425K (Sabby) or $150K each for non-compliance.
- Most favored nations clause: NovaBay must pay Sabby difference if other warrant holders get higher buyback price per share.
- Parties exchange mutual releases; warrants cancelled; company proceeds with asset sale (closed Jan 17) and dissolution plan.

## SEC filing metadata
- accession: 0001437749-25-007045
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774925007045/0001437749-25-007045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774925007045/nby20250310_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-007045
- JSON: https://secwatch.observer/filing/0001437749-25-007045.json
- Plain text: https://secwatch.observer/filing/0001437749-25-007045.txt

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