---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-020980"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2026-06-17T20:29:56+00:00"
generated_at: "2026-06-17T20:36:46.523963+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Stablecoin Development Corp issues 22.6M shares upon cashless exercise of amended pre-funded warrants

## Summary
- On June 12-15, 2026, amended pre-funded warrants issued October 2025 to R01 Fund LP and Framework Ventures IV L.P. to remove exercise restrictions.
- Both holders fully exercised on cashless basis; company issued 22,614,600 shares of common stock.
- Shares outstanding increased to 50,449,780 as of June 15, 2026, from approximately 27.8M prior.
- Dilution of roughly 81% due to new shares issued at no additional cash proceeds.

## SEC filing metadata
- accession: 0001437749-26-020980
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2026-06-17T20:29:56+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774926020980/0001437749-26-020980-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774926020980/nby20260617c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-020980
- JSON: https://secwatch.observer/filing/0001437749-26-020980.json
- Plain text: https://secwatch.observer/filing/0001437749-26-020980.txt

## Key facts
- Material Agreements
  Stablecoin Development Corp amended Amendment No. 1 to Pre-Funded Warrant with R01 Fund LP (effective 2026-06-12).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: R01 Fund LP
  - Effective: 2026-06-12
  source text: On June 12, 2026, Stablecoin Development Corporation (the “Company”) agreed with R01 Fund LP (“R01”), and on June 15, 2026, the Company agreed with Framework Ventures IV L.P. (“Framework”), in each case, to amend the pre-funded warrants originally issued on October 16, 2025 (the “October 2025 Pre-Funded Warrants”) in order to remove certain restrictions on exercisability.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774926020980/0001437749-26-020980-index.htm
- Material Agreements
  Stablecoin Development Corp amended Amendment No. 1 to Pre-Funded Warrant with Framework Ventures IV L.P. (effective 2026-06-15).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Framework Ventures IV L.P.
  - Effective: 2026-06-15
  source text: On June 12, 2026, Stablecoin Development Corporation (the “Company”) agreed with R01 Fund LP (“R01”), and on June 15, 2026, the Company agreed with Framework Ventures IV L.P. (“Framework”), in each case, to amend the pre-funded warrants originally issued on October 16, 2025 (the “October 2025 Pre-Funded Warrants”) in order to remove certain restrictions on exercisability.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774926020980/0001437749-26-020980-index.htm

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