secwatch.observer — SEC 8-K summary
======================================

Issuer:     Streamex Corp. (STEX)
CIK:        0001530766
Form:       8-K
Filed at:   2025-11-06T23:59:59+00:00
Accession:  0001493152-25-021102
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530766/000149315225021102/0001493152-25-021102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530766/000149315225021102/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-021102

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