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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
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Stablecoin Development Corp (Name of Issuer) |
Common Stock, $0.01 par value per share (Title of Class of Securities) |
(CUSIP Number) |
David Garcia PO Box 144, 9 Forum Lane, Suite 3119, Camana Bay, George Town, E9, KY 1-9006 345-749-9601 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
08/17/2026 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
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| CUSIP No. |
| 1 |
Name of reporting person
Sky Frontier Foundation | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
WC | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
CAYMAN ISLANDS
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
5,617,689.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
9.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
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| Item 1. | Security and Issuer |
| (a) | Title of Class of Securities:
Common Stock, $0.01 par value per share |
| (b) | Name of Issuer:
Stablecoin Development Corp |
| (c) | Address of Issuer's Principal Executive Offices:
222 Lakeview Ave, SUITE 800, WEST PALM BEACH,
FLORIDA
, 33401. |
| Item 4. | Purpose of Transaction |
As described in this Amendment, as of August 17, 2026, the second tranche of the Warrant, representing 6,000,000 shares of Common Stock, became exercisable within 60 days. Together with the 4,000,000 shares underlying the first tranche of the Warrant, an aggregate of 10,000,000 shares of Common Stock underlying the Warrant are exercisable within 60 days. The Reporting Person has not exercised any portion of the Warrant and does not currently hold any shares of Common Stock. The foregoing has not changed the Reporting Person's investment intent as described in the Schedule 13D. | |
| Item 5. | Interest in Securities of the Issuer |
| (a) | As of August 17, 2026, the Reporting Person may be deemed to beneficially own 5,617,689 shares of Common Stock, representing approximately 9.99% of the outstanding Common Stock.
The percentage is calculated based on 50,615,437 shares of Common Stock outstanding as of July 27, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed on July 30, 2026, plus the 5,617,689 shares issuable to the Reporting Person upon exercise of the Warrant within 60 days. As of August 17, 2026, 10,000,000 shares underlying the first and second tranches of the Warrant are exercisable within 60 days. However, the Beneficial Ownership Limitation restricts the Reporting Person from exercising the Warrant to the extent that, after giving effect to such exercise, the Reporting Person would beneficially own more than 9.99% of the outstanding Common Stock. Accordingly, only 5,617,689 shares are included in the Reporting Person's beneficial ownership. The Reporting Person disclaims beneficial ownership of any shares issuable upon exercise of the Warrant in excess of the Beneficial Ownership Limitation.
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| (b) | Upon and following exercise of the Warrant, the Reporting Person will have sole voting power and sole dispositive power with respect to 5,617,689 shares of Common Stock issuable upon such exercise. The Reporting Person has not exercised any portion of the Warrant and does not currently have voting or dispositive power over any shares of Common Stock. |
| (c) | Except as described in this Amendment, the Reporting Person has not effected any transaction in the Common Stock during the past 60 days. The change in the Reporting Person's beneficial ownership resulted solely from the second tranche of the Warrant becoming exercisable within 60 days of August 17, 2026, and not from the Reporting Person's exercise of the Warrant or any acquisition or disposition of Common Stock. |
| (d) | Not applicable. |
| (e) | Not applicable. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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