---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-021102"
form_type: "8-K"
ticker: "STEX"
cik: "0001530766"
company_name: "Streamex Corp."
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:39:33.614310+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Streamex closes $25M convertible debenture; proceeds to purchase physical gold bullion

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-021102
- form_type: 8-K
- ticker: STEX
- cik: 0001530766
- company_name: Streamex Corp.
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530766/000149315225021102/0001493152-25-021102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530766/000149315225021102/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-021102
- JSON: https://secwatch.observer/filing/0001493152-25-021102.json
- Plain text: https://secwatch.observer/filing/0001493152-25-021102.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530766/000149315225021102/0001493152-25-021102-index.htm
- Equity Issuances
  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
  source text: the Company issued an initial tranche of Convertible Debenture to Yorkville with a principal amount of $25,000,000 (the "First Convertible Debenture").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530766/000149315225021102/0001493152-25-021102-index.htm

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