---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-001490"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:31:15.654335+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovaBay enters $100M ATM equity distribution agreement with Virtu Americas LLC

## Summary
- Company may sell up to $100M of common stock from time to time through Virtu as sales agent.
- Virtu will receive a commission of up to 2.0% of gross proceeds from any sales.
- Sales will be made via at-the-market offerings on NYSE American or other trading markets.
- Offering is under existing shelf registration statement S-3 (File No. 333-290712) and prospectus supplement dated Jan 20, 2026.
- Company is not obligated to sell any shares; agreement may be terminated by either party under specified conditions.

## SEC filing metadata
- accession: 0001437749-26-001490
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774926001490/0001437749-26-001490-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774926001490/nby20260120_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-001490
- JSON: https://secwatch.observer/filing/0001437749-26-001490.json
- Plain text: https://secwatch.observer/filing/0001437749-26-001490.txt

## Key facts
- Material Agreements
  Stablecoin Development Corp entered into ATM Sales Agreement with Virtu Americas LLC valued at up to $100,000,000 of common stock; commission 2.0% (effective 2026-01-20).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Virtu Americas LLC
  - Value: up to $100,000,000 of common stock; commission 2.0%
  - Effective: 2026-01-20
  source text: On January 20, 2026, NovaBay Pharmaceuticals, Inc. (the “Company”) entered into an ATM Sales Agreement (the “Sales Agreement”) with Virtu Americas LLC (“Virtu”), pursuant to which the Company may offer and sell shares of its common stock, par value $0.01 per share (“Common Stock”), having an aggregate offering price of up to $100.0 million from time to time through or to Virtu as its sales agent or principal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774926001490/0001437749-26-001490-index.htm

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