Stablecoin Development Corporation (SDEV) Registration filing summary

Company overview and business model

• Long-term digital-asset holding strategy targeting protocol-level economics; SKY is the sole approved investment and is staked in the Sky Protocol.

• Held 2.322 billion SKY as of October 2, 2026, representing approximately 10% of total supply; substantially all holdings were staked.

• Strategy permits long-term holdings, selective monetization for corporate needs, potential asset-referenced financing, and investment in custody and transaction capabilities.

• Additional assets require IAC evaluation and Board approval under valuation, productivity, liquidity, quality, legal, tax, and risk criteria.

Financial performance and metrics

• Earned 67.1 million SKY in staking rewards during H1 2026, recognized as $4.7 million of staking revenue; Q2 contributed 31.7 million SKY and $2.2 million.

• Published annualized SKY staking rate was 6.6% as of October 2, 2026, versus 5.7% at June 30, 2026; rates vary with governance parameters and total SKY staked.

• ATM program had approximately $83.2 million remaining of its $100.0 million capacity as of September 30, 2026.

• SKY holdings had not been monetized as of the prospectus; substantially all earned rewards remained staked.

Use of proceeds and capital allocation

• No proceeds from selling-stockholder resales; cash proceeds from warrant exercises, up to approximately $8.4 million, are intended for general corporate purposes, including additional digital-asset purchases.

• January 2026 placement proceeds support a multi-year strategy to acquire and hold selected digital assets with revenue-generating characteristics.

• Placement raised approximately $134.0 million gross: $25.0 million cash and $109.0 million in SKY and stablecoins.