debt
confidence high
sentiment neutral
materiality 0.70
StreamEx Corp. issues $25M second tranche convertible debenture to Yorkville
Streamex Corp.
- Issued $25M principal convertible debenture to YA II PN (Yorkville) with net proceeds of ~$24M.
- Conversion price is lower of $6.016 (subject to reset) or 97% of lowest 3-day VWAP, floor $4.00.
- Matures Dec 17, 2027; interest 4% (18% upon default); prepayment allowed with 10% premium.
- Investor conversion capped at 4.99% beneficial ownership; shares issued under Section 4(a)(2) exemption.
- Amendment No. 4 to Debenture Purchase Agreement modifies closing conditions with no material term changes.
item 1.01item 2.03item 3.02item 8.01item 9.01