Overview
- SDEV says it holds about 2.06 billion SKY tokens, roughly 8.78% of the supply, following its January financing.
- The company reports approximately 26.6 million SKY earned in cumulative staking rewards as of March 16, with most holdings staked on the Sky protocol.
- Investors in the private placement included R01 Fund LP, Framework Ventures, Sky Frontier Foundation, and Tether Investments, an affiliate of the USDT issuer.
- Warrants from the deal become exercisable in sequential tranches, producing a weighted‑average delay of about 9.9 months before all underlying shares could be issued.
- The former NovaBay Pharmaceuticals changed its ticker to SDEV as it adopts an on‑chain holding‑company strategy focused on protocol‑level digital assets.