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5/5Stablecoin Development Corp (SDEV): Non-reliance / restatement

Filed 2026-04-29 路 Form 8-K 路 Accession 0001437749-26-013891 nano

Market data

Price before filing: $1.26 (2026-04-28 close, split/dividend-adjusted)
Market cap at flag: $33.0M (2026-04-29) 路 Latest: $27.3M (2026-10-16)

What happened next

WindowSDEVSPYvs SPY
30 days+0.8%+6.3%-5.5%2026-05-29
90 days-8.7%+4.4%-13.1%2026-07-28
180 dayspendingpendinguntil 2026-10-26

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"On April 27, 2026, the audit committee of the board of directors and management of the Company concluded that the Company's previously issued audited consolidated financial statements for the year ended December 31, 2025, should no longer be relied upon because of an error in the Company's accounting relating to certain outstanding pre-funded warrants issued on October 16, 2025 (the "Pre-Funded Warrants")."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.

Why this score: also within 90 days: Auditor change

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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