SDEV Ties Massive Share Resale to SKY Token Warrant Deal

The Stablecoin Development Corporation (SDEV) has tied its 212.9M-share resale to a SKY token warrant deal, according to a filing with the Securities and Exchange Commission.

The resale is part of the company's January 2026 Pre-Funded Warrant Shares, which were issued as part of a private placement that closed on January 16, 2026. The warrants have an exercise price of $0.05 per share.

The deal involves R01 Fund LP, Framework Ventures IV L.P., Tether Investments, S.A. de C.V., and Sky Frontier Foundation, who purchased the warrants in a private placement. The investors' rights agreement requires the company to file a shelf registration statement covering the January 2026 Pre-Funded Warrant Shares.