StableX Technologies director George Devlin resigns, receives one-time payment

George Devlin resigned as a member of the board of directors and all board committees of StableX Technologies, Inc. (NASDAQ:SBLX) on Tuesday. The micro-cap company, currently valued at $3.28 million, has seen its stock decline by nearly 65% over the past year, according to InvestingPro data. According to a statement released in a Securities and Exchange Commission filing, the resignation was effective immediately and was described as voluntary, with no disagreements regarding the company’s operations, policies, or practices.

In connection with his resignation, the board approved a one-time payment to Mr. Devlin totaling $35,437.50. This sum represents the director cash fees that would have been owed to Mr. Devlin for his service from September 2025 through May 2026, in line with the company’s compensation policy.

StableX Technologies, based in New York, is listed on The Nasdaq Stock Market LLC under the ticker SBLX. The disclosure was made in a press release statement included in the company’s SEC filing.

In other recent news, AYRO, Inc. reported significant changes to its corporate structure, including the creation of a new Series I Convertible Preferred Stock. The company agreed to sell 7,000 shares of this new stock to accredited investors, with conversion options into common stock and warrants for additional shares. AYRO also announced a $100 million investment strategy in stablecoin-related crypto tokens, led by James Altucher as the new Digital Treasury Asset Manager. Additionally, the company’s board approved a preferred share rights plan, granting shareholders the right to purchase a fraction of Series A Junior Participating Preferred Stock. Diveroli Investment Group has acquired a 9.9% stake in AYRO, aligning with the company’s strategic exploration in digital assets. Furthermore, AYRO has regained compliance with Nasdaq’s minimum bid price rule, confirming its adherence to Nasdaq Listing Rule 5550(a)(2). These developments reflect AYRO’s ongoing strategic initiatives and corporate adjustments.

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