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Streamex Corp. (NASDAQ: STEX) Co-Founder & Executive Chairman Provides Corporate Update
Globenewswire· 2026-02-10 12:30
Core Viewpoint - Streamex Corp. is positioned for growth with a strong balance sheet and upcoming product launches, particularly the GLDY token, which is expected to attract significant interest from investors [1][4][5]. Financial Position - The company has a robust balance sheet with approximately $50 million in cash following a $40.25 million public offering priced at $3.00 per share [5][6]. - Streamex has eliminated all debt and contingent dilution instruments, achieving a fully deleveraged status [6]. Insider Activity - Since January 1, 2026, senior officers and advisors have purchased approximately 1,247,011 shares of common stock, indicating strong insider confidence [7]. - Notable purchases include 1,100,000 shares by Frank Giustra and 95,500 shares by Morgan Lekstrom, reflecting significant insider investment [8]. Product Roadmap - The company plans to launch GLDY, a digital asset token, with indications of interest exceeding $100 million [3][4]. - Following GLDY, Streamex aims to introduce SLVY, a silver-backed yield-generating product, targeted for mid-2026 [10]. - By year-end 2026, a tokenized royalty and streaming product is expected to be launched, providing new investment opportunities in the mining sector [11]. Strategic Focus - Streamex is committed to delivering compliant solutions for trading precious metals and commodities, targeting a total addressable market of approximately $120 trillion [4]. - The company is enhancing its governance and leadership capabilities through key appointments to support its strategic initiatives [9][15].
Streamex Corp. (NASDAQ: STEX) Announces Issuance of Prepayment Notice for Previously Announced Convertible Debenture Financing & Notice of Termination for Standby Equity Purchase Agreement
Globenewswire· 2026-01-23 12:30
Core Viewpoint - Streamex Corp. has announced the delivery of an optional prepayment notice for its Secured Convertible Debentures and the cancellation of its Standby Equity Purchase Agreement with Yorkville, aiming for a cleaner balance sheet as it prepares for significant growth in the upcoming year [1][5]. Group 1: Prepayment Notice for Secured Convertible Debentures - The company has outstanding Secured Convertible Debentures totaling $50 million, with an intention to prepay the entire principal amount plus a 10% prepayment premium [2]. - Following the prepayment notice, the holder has ten trading days to convert the debentures, with the company required to make the prepayment on the eleventh trading day [2]. Group 2: Cancellation of Standby Equity Purchase Agreement - The company has terminated the Standby Equity Purchase Agreement with Yorkville, which allowed for the issuance and sale of up to $1 billion of common stock over a 36-month period [3][4]. - The company has not utilized the SEPA and has full control over the timing and amount of any potential sales of common stock [3]. Group 3: Company Overview and Future Outlook - Streamex Corp. focuses on the tokenization and digitalization of real-world assets, providing institutional-grade solutions that bridge traditional finance and blockchain markets [5]. - The CEO expressed optimism about the company's position for sustained growth, particularly with the upcoming GLDY launch and a recently completed equity raise [5].
Streamex Corp. (NASDAQ: STEX) Announces Launch of $100,000,000 USD GLDY Pre-Sale – A Gold-Backed Yield Generating Stablecoin Offering Institutional Yield on Physical Gold Bullion
Globenewswire· 2025-11-10 13:30
Core Insights - The launch of Streamex's $100 million USD GLDY pre-sale represents a significant opportunity for gold investors, transforming gold into a yield-generating asset [1][3] - GLDY is designed to provide both spot gold exposure and yield paid in additional ounces of physical gold bullion, marking a major innovation in gold investment [4][9] Company Overview - Streamex Corp. is a leader in the tokenization of real-world assets and commodity-backed stablecoins, focusing on creating regulated, yield-bearing financial instruments [3][14] - The company aims to bridge traditional finance and blockchain markets by offering scalable and compliant digital asset solutions [14] GLDY Pre-Sale Details - The pre-sale for GLDY begins on November 10, 2025, with a target of raising $100 million USD, and Streamex will co-invest at least $5 million USD to demonstrate confidence in the strategy [3][13] - Minimum subscription sizes are set at $200,000 USD for accredited individuals and $1 million USD for institutions [5] Investment Structure - Each GLDY token represents a non-voting digital share backed by one troy ounce of physical gold, with an anticipated yield of up to 4% paid in ounces of gold [8][9] - The program will pay periodic distributions in the form of scrip dividends, allowing investors to earn yield while maintaining exposure to gold's price performance [9][12] Platform and Infrastructure - The GLDY platform is designed to host next-generation real-world assets, providing a user-friendly portal for investors to learn and participate in the offering [6][7] - The platform will facilitate subscriptions in U.S. dollars, stablecoins, or other approved digital assets, with redemption options available [12] Regulatory Compliance - GLDY will be offered as a security under Rule 506(c) of Regulation D, exclusively to accredited investors and institutions, ensuring compliance with applicable laws [6][11]
Streamex Corp. (NASDAQ: STEX) Announces Nasdaq Approval for Continued Listing on Nasdaq Capital Market & Shareholder Meeting on November 4, 2025
Globenewswire· 2025-10-30 21:48
Core Viewpoint - Streamex Corp. has received formal approval from Nasdaq for continued listing on the Nasdaq Capital Market, which is expected to accelerate its business plans and enhance value for stakeholders [1][4]. Company Overview - Streamex Corp. is an institutional commodity tokenization company focused on the digitalization of real-world assets, providing institutional-grade solutions that integrate traditional commodities with blockchain technology [5]. Shareholder Meeting - A special meeting of shareholders is scheduled for November 4, 2025, to vote on the previously adjourned Acquisition Proposal [2][3]. - The meeting will be conducted via webcast, allowing all shareholders to participate, vote, and ask questions [3]. Strategic Importance - The Nasdaq approval is seen as a significant milestone for the company, enabling it to unlock opportunities for GLDY stablecoin holders and modernize the gold industry [4].