Streamex Corp. (STEX): debt financing — Streamex closes $25M convertible debenture; proceeds to purchase physical gold bullion

Streamex Corp.

Issued $25M principal convertible debenture to YA II PN, Ltd.; net proceeds ~$24M (96% of principal).
Debenture matures Nov 2027, 4% interest (18% on default); conversion price lower of $6.016 or 97% of 3-day VWAP with $4 floor.
All net proceeds allocated to physical allocated gold bullion, reinforcing gold-backed balance sheet.
Remaining $25M tranche available after S-3 registration effectiveness and other closing conditions.
Placement agents: Cantor, Clear Street, Needham; CIBC as strategic advisor.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Streamex Corp. incurred convertible notes of $25,000,000 with YA II PN, LTD. at 4.00% per annum, increasing to 18.00% per annum upon an event of default maturing November 4, 2027.

Instrument: convertible notes
Principal: $25,000,000
Counterparty: YA II PN, LTD.
Rate: 4.00% per annum, increasing to 18.00% per annum upon an event of default
Maturity: November 4, 2027
Event: incurrence

Exact text from the filing

Further to this, on November 4, 2025 (the “First Closing Date”), the Company issued an initial tranche of Convertible Debenture to Yorkville with a principal amount of $25,000,000 (the “First Convertible Debenture”). The First Convertible Debenture will mature on November 4, 2027, and will accrue interest at the rate of 4.00% per annum, which will increase to 18.00% per annum upon the occurrence of an event of default, until such event of default is cured.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

Streamex Corp. issued convertible note to YA II PN, LTD. for $25,000,000 principal amount.

Security: convertible note
Purchaser: YA II PN, LTD.
Consideration: $25,000,000 principal amount

Exact text from the filing

the Company issued an initial tranche of Convertible Debenture to Yorkville with a principal amount of $25,000,000 (the "First Convertible Debenture").

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Streamex Corp. filing history →

Source: SEC EDGAR

accession 0001493152-25-021102

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