secwatch.observer — SEC 8-K summary
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Issuer:     Stablecoin Development Corp (SDEV)
CIK:        0001389545
Form:       8-K
Filed at:   2026-10-05T12:05:32+00:00
Accession:  0001437749-26-031972
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

SDEV holds 2.32B SKY; digital asset NAV rose to $180.2M from $119.2M on Sept 30
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- As of Sept 30, 2026, held 2,321,079,862 SKY; fair value ~$180.2M at $0.07764/SKY vs ~$119.2M on June 30.
- Earned ~34.6M SKY in staking rewards in Q3 2026; all rewards retained and substantially all remain staked; no SKY sold to date.
- Held ~$7.2M cash and cash equivalents (excluding restricted) as of Sept 30, 2026; no outstanding indebtedness.
- As of Oct 2, 2026, held ~2,321,910,691 SKY, ~10% of total supply; June 30 holding was 2,286,511,374 SKY, also ~10%.
- Jan 16, 2026 private placement raised ~$134.0M gross: ~$25.0M cash and ~$109.0M in SKY/stablecoins; 167,539,227 pre-funded warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389545/000143774926031972/0001437749-26-031972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389545/000143774926031972/sdev20260914_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-031972

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