---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-012710"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:10:07.698921+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# NovaBay shareholders approve liquidation and dissolution plan

## Summary
- Proposal to dissolve company passed with 3,080,743 votes for, 42,531 against, 228 abstain.
- Approval represents over 50% of outstanding shares (5,816,204 total) as of record date.
- Board retains discretion to authorize dissolution; if not, company continues.
- Discretionary adjournment proposal also approved (3,082,192 for, 38,562 against, 2,748 abstain).

## SEC filing metadata
- accession: 0001437749-25-012710
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774925012710/0001437749-25-012710-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774925012710/nby20250421_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-012710
- JSON: https://secwatch.observer/filing/0001437749-25-012710.json
- Plain text: https://secwatch.observer/filing/0001437749-25-012710.txt

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