debt
confidence high
sentiment neutral
materiality 0.90
Streamex Corp. amends $100M convertible debenture agreement with Yorkville, mandates gold bullion purchase
Streamex Corp.
- Entered Amendment No. 2 to Secured Convertible Debenture Purchase Agreement with YA II PN, Ltd. (Yorkville) on October 28, 2025.
- Amendment requires at least $25.1M of proceeds ($12.6M first closing, $12.5M second closing) be used to purchase Allocated Vaulted Gold Bullion.
- Company will issue first $25M Convertible Debenture, maturing 24 months, interest 4% (18% upon default), conversion price based on VWAP with $4.00 floor.
- Issuance subject to Nasdaq approval and satisfaction of closing conditions; securities unregistered, sold under Section 4(a)(2) and Regulation D.
- Proceeds to fund R&D for PURE EP and Viral Clear, development of Streamex's gold tokenization platform, and general working capital.
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