SEC Filing Summary: Streamex Corp. (STEX)
Business Context and Reporting Period
This Form 8-K was filed by Streamex Corp. on January 22, 2026, with a signature date of January 27, 2026. The filing reports material events occurring on January 22, 2026, involving the termination of a financing agreement and the prepayment of debt obligations.
Key Financial Metrics and Events
- Debt Obligations: The Company holds secured convertible debentures issued to Yorkville (YA II PN, Ltd.) with an original aggregate principal amount of $50,000,000, issued on November 4, 2025, and December 17, 2025.
- Prepayment Terms: Upon full prepayment, the Company is required to pay the principal amount plus a 10% prepayment premium and accrued interest.
- Collateral: The debentures are secured by allocated vaulted gold bullion credited to a pledged account, which may be liquidated to fund the prepayment if conversions are not effected.
- Equity Financing: No securities have been sold under the terminated Standby Equity Purchase Agreement (SEPA).
Material Changes and Actions
- Termination of SEPA: On January 22, 2026, Streamex Corp. delivered notice terminating the SEPA dated July 7, 2025, with Yorkville. The termination becomes effective five trading days after the notice date.
- Debt Prepayment Notice: On January 22, 2026, the Company delivered an irrevocable optional prepayment notice for the $50,000,000 in debentures.
- Conversion Window: The holder has ten trading days from the notice date to elect conversion. Any remaining balance must be prepaid on the eleventh trading day.
Outlook, Risks, and Contingencies
- Liquidity Contingency: If the debentures are not converted within the ten-day window, the Company may be required to liquidate pledged gold bullion to satisfy the prepayment obligation (principal + 10% premium + interest).
- Security Release: Related security interests will be released only upon payment in full.
- Disclosure Status: A press release regarding these events was issued on January 23, 2026, and is furnished as Exhibit 99.1 but is not deemed "filed" for Section 18 liability purposes.
Investor Verification Checklist
- Verify the exact date of the SEPA termination effectiveness (five trading days post-January 22, 2026).
- Confirm whether Yorkville elects to convert the $50,000,000 debentures within the ten-trading-day window.
- Assess the current market value of the pledged gold bullion relative to the total prepayment obligation (principal + 10% premium + accrued interest).
- Review the press release (Exhibit 99.1) for additional management commentary on the strategic rationale for terminating the SEPA and repaying the debt.