Microcap Ledger Stablecoin Development Corp $SDEV
Facts as of . Built from SEC filings and our own data. Small caps move fast; check the latest filings.
Snapshot
- Exchange
- NYSE American
- Sector
- Finance Services
- Headquarters
- West Palm Beach, FL
- Fiscal year end
- December 31
- Shares outstanding
- 50,615,437 [10-Q 2026-07-30]
What the company doesAI summary of filing
Stablecoin Development Corp (formerly NovaBay Pharmaceuticals) has shifted from a pharmaceutical business focused on eyecare and wound care products to a digital asset treasury company. The company's primary strategy is to acquire and hold digital assets, specifically SKY tokens from the Sky Protocol, a decentralized blockchain-based network centered on the USDS stablecoin. The company generates potential returns through long-term appreciation and protocol-level economics of its digital asset holdings, funded by capital raises including a January 2026 private placement that raised approximately $137.4 million. As of the filing date, the company is a pre-revenue digital asset holder with no active manufacturing or research operations, having divested its legacy pharmaceutical businesses in January 2025. [10-K 2026-03-19]
Financial health
| Period | Revenue | Net income | Operating cash flow | Cash | Filing |
|---|---|---|---|---|---|
| 6 months to Jun 2026 | $4.67M | $511.33M | −$7.77M | $6.97M | [10-Q 2026-07-30] |
| FY ended Dec 2025 | — | −$630.78M | −$8.43M | $7.96M | [DEF 14A 2026-09-28] |
| FY ended Dec 2024 | $9.78M | −$7.22M | −$7.50M | $430.0K | [10-K 2025-04-02] |
- Quarterly cash burn
- −$3.88M
- Cash runway Estimate
- ~5.4 months
Capital structure and dilution
| Date | Shares outstanding | Filing |
|---|---|---|
| 2024-11-05 | 4,885,693 | [10-Q 2024-11-07] |
| 2025-03-25 | 5,816,204 | [10-K 2025-04-02] |
| 2025-05-12 | 5,816,204 | [10-Q 2025-05-15] |
| 2025-08-12 | 5,823,497 | [10-Q 2025-08-14] |
| 2025-11-04 | 126,010,749 | [10-Q 2025-11-07] |
| 2026-03-16 | 26,625,029 | [10-K/A 2026-04-29] |
| 2026-05-11 | 27,115,646 | [10-Q 2026-05-15] |
| 2026-07-27 | 50,615,437 | [10-Q 2026-07-30] |
- Shelf registration
- S-3 filed 2026-08-11; no effectiveness notice found in EDGAR [S-3 2026-08-11]
Listing status
Current status: No Form 8-K Item 3.01 (listing notice) filings in the last 24 months, as of 2026-10-11.
Who owns it
| Date | Insider | Type | Shares | Price | Filing |
|---|---|---|---|---|---|
| 2026-06-15 | Kazley Michael John | other | 11,332,020 | $0.00 | [4 2026-06-17] |
| 2026-06-15 | Kazley Michael John | sell | 24,720 | $1.09 | [4 2026-06-17] |
| 2026-06-15 | Framework Ventures Iv L.P. | other | 11,332,020 | $0.00 | [4 2026-06-17] |
| 2026-06-15 | Framework Ventures Iv L.P. | sell | 24,720 | $1.09 | [4 2026-06-17] |
| 2026-06-15 | R01 Fund Lp | other | 11,332,020 | $0.00 | [4 2026-06-17] |
| 2026-06-15 | R01 Fund Lp | sell | 24,720 | $1.09 | [4 2026-06-17] |
Catalysts and calendar
| Date | Type | Title |
|---|---|---|
| 2026-10-06 | S-3/A | Registration statement |
| 2026-10-05 | 8-K | Results of operations; Other events |
| 2026-09-29 | 8-K | Other events |
| 2026-09-28 | DEF 14A | Proxy statement |
| 2026-09-16 | S-3/A | Registration statement |
| 2026-09-08 | 8-K | Change to security holder rights; Director or officer change; Charter, bylaws or fiscal year change |
| 2026-08-21 | 13D/A | Beneficial ownership report (5%+ holder) |
| 2026-08-17 | 13G/A | Beneficial ownership report (5%+ holder) |
| 2026-08-11 | S-3 | Registration statement |
| 2026-07-31 | 8-K | Results of operations; Regulation FD disclosure |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-24 | 13D/A | Beneficial ownership report (5%+ holder) |
Alerts for $SDEV
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Facts as of . Small caps move fast; check the latest filings.