Streamex Corp. (NASDAQ: STEX) Announces Issuance of Prepayment Notice for Previously Announced Convertible Debenture Financing & Notice of Termination for Standby Equity Purchase Agreement

Streamex (NASDAQ: STEX) issued an optional prepayment notice to holder YA II PN, LTD.

Rhea-AI Summary

Streamex (NASDAQ: STEX) issued an optional prepayment notice to holder YA II PN, LTD. (Yorkville) to prepay its outstanding Secured Convertible Debentures totaling $50.0 million plus a 10% prepayment premium, and delivered notice terminating its Standby Equity Purchase Agreement (SEPA) with Yorkville. The Holder has ten trading days to elect conversion; the Company must effect prepayment on the eleventh trading day after the notice, after giving effect to any conversions. The SEPA (36-month commitment, up to $1.0 billion capacity) will not be utilized. Additional details were filed on Form 8-K on July 9, Aug 13, Oct 29, Nov 6 and Dec 19, 2025.

Positive

• Eliminates outstanding convertible debentures of $50.0 million
• Removes potential future equity dilution from the $1.0 billion SEPA
• Provides a cleaner balance sheet ahead of the GLDY launch

Negative

• Prepayment triggers a 10% premium equal to $5.0 million
• Prepayment may reduce near-term cash reserves used for operations

Argus Jan 23 session

-6.07% close to close Open Argus

Details

News Market Reaction – STEX

On Jan 23, the day this news came out, STEX closed 6.07% below the previous close.

Data tracked by StockTitan Argus for the Jan 23 session.

Key Figures

Convertible debentures principal: $50 million Prepayment premium: 10% SEPA capacity: $1,000,000,000 +3 more

Convertible debentures principal

$50 million

Aggregate principal of secured convertible debentures with Yorkville

Prepayment premium

10%

Premium payable on optional prepayment of $50 million debentures

SEPA capacity

$1,000,000,000

Maximum common stock issuance right under terminated SEPA facility

SEPA commitment period

36 months

Duration of SEPA commitment prior to termination

Conversion window

10 trading days

Holder’s period to elect conversions after prepayment notice

Prepayment date

11th trading day

Required prepayment timing after notice, post any conversions

Historical Context

5 past events · Latest: Jan 22

5 events

1. Jan 22

   Equity offering priced

   24h Move

   +12.3%

   Priced $35M underwritten stock offering at $3.00 to repay debt.

2. Jan 22

   Equity offering planned

   24h Move

   +12.3%

   Proposed underwritten stock offering to repay debt and fund operations.

3. Jan 21

   GLDY trading partnership

   24h Move

   -9.4%

   Partnered with tZERO to enable GLDY secondary trading on regulated ATS.

4. Dec 12

   Corporate update webinar

   24h Move

   -3.8%

   Announced webinar on 2025 milestones, GLDY launch, and 2026 roadmap.

5. Dec 11

   Strategic equity acquisition

   24h Move

   +1.4%

   Acquired 9.9% Empress Royalty stake via premium share-for-share deal.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

secured convertible debentures, standby equity purchase agreement, form 8-k

3 terms

secured convertible debentures financial

"delivered an optional prepayment notice to the holder of its Secured Convertible Debentures"

A secured convertible debenture is a company loan that is backed by specific assets and can be exchanged for the company’s shares under agreed terms. Think of it as a mortgage-like loan that also carries an option to switch into ownership; it matters to investors because it gives lenders higher priority for repayment and interest income while also posing potential future share dilution if the debt is converted to equity.

standby equity purchase agreement financial

"notice to cancel the Standby Equity Purchase Agreement (the “SEPA”) previously entered into"

A standby equity purchase agreement is a contract in which an investor or group agrees to buy a company’s newly issued shares on demand, giving the company a ready source of cash it can tap when needed. Think of it like a line of credit made with stock instead of a loan: it provides financial backup but can increase the number of shares outstanding, diluting existing owners and affecting per‑share value, so investors watch these deals for their impact on ownership and earnings per share.

form 8-k regulatory

"included in the Company’s Current Reports on Form 8-K filed with the SEC"

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WINTER PARK, Fla., Jan. 23, 2026 (GLOBE NEWSWIRE) -- Streamex Corp. (“Streamex” or the “Company”) (NASDAQ: STEX), a leader in institutional-grade tokenization of commodity assets, today announced that it has delivered an optional prepayment notice to the holder of its Secured Convertible Debentures, YA II PN, LTD., a Cayman Islands exempt limited company (“Yorkville” or “Holder”). It has also issued notice to cancel the Standby Equity Purchase Agreement (the “SEPA”) previously entered into with Yorkville.

Prepayment Notice for Secured Convertible Debentures

As previously disclosed, the Company has outstanding Secured Convertible Debentures dated November 4, 2025, and December 17, 2025, with the Holder in the aggregate principal amount of $50 million (collectively, the “Debentures”). Today, the Company issued an Optional Prepayment Notice (the “Notice”) to Holder, indicating its intention to prepay the entire outstanding Principal balance of $50 million, plus a Prepayment Premium of 10% as provided in the Debentures. Following receipt of the Notice, the Holder has ten (10) trading days to elect to convert all or any portion of the Debentures, and the Company is required to make the prepayment on the eleventh (11th) trading day after the Notice date, after giving effect to any conversions during such period.

Cancellation of Standby Equity Purchase Agreement

As previously disclosed, the Company is party to a SEPA facility with Yorkville, pursuant to which the Company had the right, but not the obligation, to issue and sell to Yorkville up to $1,000,000,000 of its Common Stock, from time to time during the 36-month commitment period under the SEPA, subject to certain terms, limitations and conditions. As provided in the SEPA, the Company has control over the timing and amount of any sales of Common Stock to the Yorkville at its discretion, and as further provided under the SEPA. The Company has not and will not utilize the SEPA.

Today as well, the Company issued a notice of termination of the SEPA.

Additional information regarding the Debentures and the SEPA is included in the Company’s Current Reports on Form 8-K filed with the SEC on July 9, 2025, August 13, 2025, October 29, 2025, November 6, 2025 and December 19, 2025.

Quote from CEO Henry McPhie

“By issuing notice to retire the convertible debenture and notice to cancel the SEPA we are excited to have a clean balance sheet going into a transformative year for Streamex,” said Henry McPhie Co-Founder and CEO of Streamex. “With the highly anticipated GLDY launch coming up and the recently completed equity raise we are in a very strong position for sustained growth.”

About Streamex Corp.

Streamex Corp. (NASDAQ: STEX) is a vertically integrated technology and infrastructure company focused on the tokenization and digitalization of real-world assets. Streamex provides institutional-grade solutions that bring traditional commodities and assets on-chain through secure, regulated, and yield-bearing financial instruments. The company is committed to delivering transparent, scalable, and compliant digital asset solutions that bridge the gap between traditional finance and blockchain-enabled markets.

For more information, visit www.streamex.com or follow the company on X (Twitter).

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond our control. It is possible that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, depending on factors including whether we will meet the closing conditions in order to obtain the second tranche USD $25 million in financing, whether we will realize the benefits of the agreement(s) described in this press release in a timely manner or at all, whether such definitive agreements will receive required regulatory approvals, and whether we will realize the anticipated benefits of the current transaction in a timely manner or at all. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in forward-looking statements, see our filings with the Securities and Exchange Commission, including the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the SEC on April 15, 2025. We assume no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise, except as required by law.

No Offer or Solicitation

This press release is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Contacts

Streamex Press & Investor Relations:
Adele Carey
Alliance Advisors Investor Relations
acarey@allianceadvisors.com

Henry McPhie
Chief Executive Officer, Streamex Corp.
contact@streamex.com
www.streamex.com
https://x.com/streamex

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Streamex (STEX) announce on January 23, 2026 regarding its convertible debentures?

Streamex issued an optional prepayment notice to prepay $50.0 million of debentures plus a 10% premium, with conversion election available for ten trading days.

How long does the Yorkville holder have to elect conversion of STEX debentures?

The holder has ten (10) trading days to elect to convert all or part of the debentures before prepayment.

What is the financial size and term of the SEPA STEX terminated with Yorkville?

The SEPA permitted up to $1.0 billion of common stock purchases during a 36-month commitment period; Streamex terminated that agreement.

Will Streamex (STEX) use the terminated SEPA to sell shares going forward?

No; Streamex stated it has not and will not utilize the SEPA and has issued a notice of termination.

When must Streamex make the prepayment after the conversion window for the debentures?

The company is required to make the prepayment on the eleventh (11th) trading day after the notice date, after any conversions.

How might the debenture prepayment and SEPA termination affect STEX shareholders?

The actions reduce potential future dilution from the SEPA and remove convertible debt, but incur a 10% prepayment premium and use cash resources.