CEO David Lazar resigns; R01 and Framework to buy preferred shares, gaining ~90% ownership

Stablecoin Development Corp

CEO David Lazar resigned effective upon release of escrow funds from a securities purchase agreement.
Lazar agreed to sell 441,325 Series D Preferred shares and rights to 268,750 Series E shares to R01 Fund LP and Framework Ventures IV L.P.
Purchasers expected to own ~90% of outstanding common stock after stockholder approval of proposals at the Oct 16 annual meeting.
Transaction is contingent on stockholder approval of proposals 5 and 9 at the October 16, 2025 annual meeting.
Company agreed to perform its obligations under the August 2025 Securities Purchase Agreement for the benefit of the purchasers.

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