secwatch.observer — SEC 8-K summary
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Issuer:     Streamex Corp. (STEX)
CIK:        0001530766
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001493152-24-004629
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530766/000149315224004629/0001493152-24-004629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530766/000149315224004629/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004629

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