---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-008015"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:10:00.502736+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NovaBay shareholders approve 5B authorized shares, officer exculpation, and 2026 equity plan

## Summary
- Authorized common stock increased from 1.5B to 5B shares; prohibition on stockholder action by written consent removed.
- Stockholders approved issuance of ~838M shares upon exercise of pre-funded warrants from Jan 2026 private placement.
- Stockholders approved issuance of ~5.4M shares upon exercise of pre-funded warrants from Oct 2025 private placement.
- Adoption of 2026 Equity Incentive Plan approved; officer exculpation provisions adopted.

## SEC filing metadata
- accession: 0001437749-26-008015
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.03, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774926008015/0001437749-26-008015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774926008015/nby20260311_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-008015
- JSON: https://secwatch.observer/filing/0001437749-26-008015.json
- Plain text: https://secwatch.observer/filing/0001437749-26-008015.txt

## Source-grounded claims
- claim_id: b6823702a5c8de88fb53deb0d02513d155b07add
  claim: Stablecoin Development Corp: Amended certificate of incorporation to remove prohibition against stockholder action by written consent, exculpate officers, and increase authorized common shares from 1.5 billion to 5 billion (effective 2026-03-12).
  evidence_excerpt: The Second Amended and Restated Certificate of Incorporation reflects changes to the following provisions of the Company’s previous amended and restated certificate of incorporation (the “Prior Charter”) (i) to remove the prohibition against stockholder action by written consent; (ii) to exculpate officers from monetary damages to the fullest extent under applicable law in limited circumstances; and (iii) to provide that the Company is authorized to issue a total of 5,000,000,000 shares of common stock, par value $0.01 per share (the “Common Stock”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774926008015/0001437749-26-008015-index.htm

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