secwatch.observer — SEC 8-K summary
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Issuer:     Stablecoin Development Corp (SDEV)
CIK:        0001389545
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001437749-26-009301
Event type: other_material
Sentiment:  positive
Materiality: 1.00
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NovaBay to rename Stablecoin Development Corp; holds 2.06B SKY tokens (8.78% of supply)
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- Name change to Stablecoin Development Corporation; ticker changes from NBY to SDEV effective Apr 3, 2026.
- Holds approx. 2.06 billion SKY tokens (~8.78% of total supply) as of March 16, 2026.
- Cumulative staking rewards of 26.6 million SKY tokens earned from on-chain staking.
- Acquired 1.09B additional SKY on open market at avg ~$0.065/token using $70.7M from private placement.
- January 2026 private placement raised ~$134M from R01 Fund, Framework Ventures, Tether Investments, Sky Frontier Foundation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389545/000143774926009301/0001437749-26-009301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389545/000143774926009301/nby20260320_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-009301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer