Stablecoin Development Corp (SDEV) Form S-3/A — Oct 26, 2026
Stablecoin Development Corp filed Pre-Effective Amendment No. 3 to its S-3, registering resale of up to 212,678,607 shares of common stock by selling stockholders R01 Fund LP, Framework Ventures IV, Tether Investments, and Sky Frontier Foundation — versus just 73,117,016 shares outstanding as of October 21, 2026. The amendment adds risk factor disclosure and updates for Tether's October 13, 2026 cashless exercise of a portion of its pre-funded warrant, which issued 5,546,110 shares. The registered shares consist of 167,341,575 warrant shares (exercisable at $0.05 in tiers through January 16, 2027), plus 45,337,032 shares from earlier warrant exercises and preferred conversions.
Key figures
- Shares Outstanding
- 73117016
- Sky tokens held
- 2329561416
- Oct2025 exercise shares
- 22614600
- Sky pct of total supply
- approximately 10%
- Atm program remaining usd
- 83200000
- Last sale price oct 23 2026
- $1.00
- Preferred conversion shares
- 22722432
- Sky staking rewards 6m 2026
- 67,132,900 SKY ($4.7 million staking revenue)
- Shares registered for resale
- 212678607
- Jan2026 prefunded warrant shares
- 167341575
- Prefunded warrant exercise price
- $0.05 per share
- Prefunded warrant purchase price
- $0.85 per share
- R01 and framework combined ownership
- approximately 62.0%
- Jan2026 private placement gross proceeds usd
- 134000000
- Max additional cash from warrant exercise usd
- 8100000
AI analysis
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