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Streamex Corp. (NASDAQ: STEX) Appoints Morgan Lekstrom as Executive Chairman, and Announces Completed Repayment of Convertible Debenture and Cancellation of SEPA
Globenewswire· 2026-02-09 13:00
Core Insights - Streamex Corp. has appointed Morgan Lekstrom as Executive Chairman, enhancing its leadership team during a critical growth phase [1][2] - The company has successfully repaid its Secured Convertible Debentures and terminated the Standby Equity Purchase Agreement with Yorkville, resulting in a clean balance sheet and increased financial flexibility [1][2] Leadership Changes - Morgan Lekstrom, co-founder of Streamex, steps into the role of Executive Chairman, emphasizing the importance of strategic execution during a pivotal time for the company [2] - Henry McPhie, Co-Founder and CEO, expressed confidence in Lekstrom's leadership and expertise, highlighting his extensive experience in capital markets and company building [2][3] Financial Developments - On February 6, 2026, Streamex completed the early repayment of its outstanding Secured Convertible Debentures, effectively removing all debt from its capital structure [2] - The termination of the unused Standby Equity Purchase Agreement with Yorkville further alleviates potential dilution concerns for the company [2] Company Overview - Streamex Corp. is focused on the tokenization and digitalization of real-world assets, providing institutional-grade solutions that integrate traditional commodities with blockchain technology [4] - The company aims to deliver transparent, scalable, and compliant digital asset solutions, bridging the gap between traditional finance and blockchain-enabled markets [4]