---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-004629"
form_type: "8-K"
ticker: "STEX"
cik: "0001530766"
company_name: "Streamex Corp."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:00:54.496279+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BioSig cuts 16 employees (including COO, CCO) to reduce annual cash burn by ~50%

## Summary
- Workforce reduction completed January 31, 2024; 16 employees departed, including COO John Sieckhaus and CCO Gray Fleming.
- Estimated total costs: ~$919,249, mostly in equity: consulting ($205k), severance ($135k), retention bonuses ($579k).
- Sieckhaus and Fleming will continue as consultants for 2 and 4 months, paid $48,533 and $138,667 in equity respectively.
- Goal is to reduce annual cash burn by approximately 50%.

## SEC filing metadata
- accession: 0001493152-24-004629
- form_type: 8-K
- ticker: STEX
- cik: 0001530766
- company_name: Streamex Corp.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530766/000149315224004629/0001493152-24-004629-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530766/000149315224004629/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-004629
- JSON: https://secwatch.observer/filing/0001493152-24-004629.json
- Plain text: https://secwatch.observer/filing/0001493152-24-004629.txt

## Key facts
- Executive change
  John Sieckhaus departed as other_named_officer at Streamex Corp..
  - Action: departing
  source text: Mr. Sieckhaus and Mr. Fleming, effective as of the Effective Date, are departing from the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530766/000149315224004629/0001493152-24-004629-index.htm
- Executive change
  Gray Fleming departed as other_named_officer at Streamex Corp..
  - Action: departing
  source text: Mr. Sieckhaus and Mr. Fleming, effective as of the Effective Date, are departing from the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530766/000149315224004629/0001493152-24-004629-index.htm
- Restructurings & Charges
  Streamex Corp. announced a restructuring with charges of approximately $919,249 (sixteen employees).
  - Type: restructuring
  - Charge: approximately $919,249
  - Headcount: sixteen employees
  source text: the Company estimates it will incur total aggregate costs of approximately $919,249, which consists of: payments for consulting services paid in equity in the estimated amount of $205,325; one-time departure fees and severance packages for employees in equity, based on factors including years of employment, in the estimated amount of $135,288; and retention bonuses paid in equity in the estimated amount of $578,636.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530766/000149315224004629/0001493152-24-004629-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.