Stablecoin Development Corp
For the period ended Nov 10, 2026. Filed Sep 28, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Nov 10, 2026 · Filed Sep 28, 2026
Contents
Recent Developments-Strategic Direction
On January 16, 2026, we completed a private placement of pre-funded warrants to purchase an aggregate of 167,539,227 shares of common stock of the Company, par value $0.01 per share (the “Common Stock”), in exchange for $25.0 million of cash and an aggregate of approximately $109.0 million in SKY tokens and stablecoins (the “January 2026 Private Placement”). The proceeds from the January 2026 Private Placement are being used to support a multi-year capital allocation strategy, currently focused on acquiring and managing a concentrated position in select digital assets that exhibit revenue-generating characteristics, consistent with our operating and risk framework. SKY, the protocol token of the decentralized Sky network, is currently the only asset approved for acquisition and holding under that framework.
Our strategy contemplates that we may:
| ● | Hold digital assets, including SKY, to participate in protocol-level economics (including staking or similar rewards) and potential capital appreciation, for such periods as the Board and management determine to be consistent with the Company’s objectives and risk limits; |
|---|
-4-
| ● | Periodically monetize a portion of our holdings, including to realize gains, rebalance our holdings, fund operations or other opportunities or manage tax positions, in each case in accordance with applicable law and our contractual obligations; |
|---|---|
| ● | Evaluate opportunities to generate liquidity or financing that reference or are collateralized by assets held by the Company, including SKY; |
| ● | Continue to invest in internal capabilities and third-party relationships necessary to transact, settle, account for, and safeguard SKY and any other digital assets and other assets we may hold; and |
| ● | Evaluate and, where approved by the Board, pursue opportunities in other asset categories or businesses that the Board believes can enhance stockholder value, including, without limitation, digital infrastructure, artificial intelligence-related infrastructure and other areas adjacent to the digital asset economy. |
The execution and scope of this strategy, including any expansion into additional asset categories, are subject to prevailing market conditions, the investment guidelines and risk limits recommended by our Investment Advisory Committee (formerly referred to as the Digital Asset Strategy Advisory Committee) and approved by the Board, the availability of suitable opportunities, regulatory, legal and tax considerations, and the Company’s contractual obligations, including under the agreements entered into in connection with the January 2026 Private Placement. There can be no assurance that we will pursue or complete any particular acquisition, disposition, financing or new initiative, or that any such action will enhance stockholder value.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.