secwatch.observer — SEC 8-K summary
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Issuer:     Streamex Corp. (STEX)
CIK:        0001530766
Form:       8-K/A
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001493152-24-004796
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.05, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

BioSig cuts 16 employees including COO and CCO, estimates $713,924 in costs to reduce cash burn 50%
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- Workforce reduction of 16 employees completed Jan 31, including COO John Sieckhaus and CCO Gray Fleming.
- Total estimated costs of $713,924: $135,288 severance in equity, $578,636 retention bonuses in equity, plus potential $30K cash and $200K consulting fees.
- Reduction aims to cut annual cash burn by approximately 50%.
- Amendment corrects prior filing: consulting agreements referenced were not executed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530766/000149315224004796/0001493152-24-004796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530766/000149315224004796/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004796

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer