Streamex Corp. (NASDAQ: STEX) Appoints Morgan Lekstrom as Executive Chairman, and Announces Completed Repayment of Convertible Debenture and Cancellation of SEPA
Rhea-AI Summary
Streamex (NASDAQ: STEX) named Co‑Founder Morgan Lekstrom as Executive Chairman and said Lekstrom will join the executive leadership team to accelerate strategic execution. On February 6, 2026 the company completed early repayment of Secured Convertible Debentures to Yorkville and terminated the unused SEPA.
Management called these actions removal of debt and dilution overhang, leaving a cleaner capital structure and greater financial flexibility heading into 2026 and the upcoming GLDY launch.
Positive
- Executive Chairman appointment of Co‑Founder Morgan Lekstrom strengthens leadership
- Debt repaid: Secured Convertible Debentures to Yorkville fully repaid on February 6, 2026
- SEPA cancelled, removing an unused potential dilution source from capital structure
- Clean balance sheet and improved financial flexibility entering 2026 ahead of GLDY launch
Negative
- None.
News Market Reaction
On the day this news was published, STEX declined 7.32%, reflecting a notable negative market reaction. Argus tracked a trough of -9.7% from its starting point during tracking. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $22M from the company's valuation, bringing the market cap to $273M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 04 | Board appointment | Positive | -5.6% | Added NYU Stern finance professor to board for governance and capital markets expertise. |
| Jan 27 | Equity over-allotment | Positive | +7.3% | Closed over-allotment, raising $40.25M in equity to help repay indebtedness. |
| Jan 26 | Equity offering close | Neutral | +4.6% | Closed $35M underwritten equity offering at $3.00 per share for debt repayment and uses. |
| Jan 23 | Debt prepayment plan | Positive | -6.1% | Issued prepayment notice for $50M Yorkville debentures and moved to terminate SEPA. |
| Jan 22 | Equity offering pricing | Neutral | +12.3% | Priced $35M public offering to repay indebtedness and fund working capital needs. |
Recent news has focused on capital structure: equity offerings to repay debt and prepaying a large convertible debenture, with mixed price reactions. Capital-raising headlines often saw positive moves, while balance-sheet clean-up announcements around Yorkville sometimes traded down.
Over the last few weeks, Streamex issued multiple equity offerings in late January 2026 totaling over $35 million and an additional over-allotment for $40.25 million, explicitly earmarked to repay prior indebtedness. It also announced a prepayment notice for $50.0 million in Secured Convertible Debentures and termination of a $1.0 billion SEPA with Yorkville. A board appointment on Feb 4, 2026 added capital markets expertise. Today’s completed debenture repayment and SEPA cancellation continue this balance-sheet and governance repositioning.
Market Pulse Summary
The stock moved -7.3% in the session following this news. A negative reaction despite balance-sheet improvements would have fit prior patterns where some Yorkville-related news saw declines even when aimed at reducing leverage. The completed repayment of Secured Convertible Debentures and SEPA cancellation removed defined overhangs, but the stock previously sold off on management and debt-prepayment updates. With price still below the 4.38 200-day MA and well under the 52-week high, investors could have focused on recent dilution or execution risk rather than the cleaner capital structure.
Key Terms
secured convertible debentures financial
standby equity purchase agreement financial
tokenization technical
AI-generated analysis. Not financial advice.
WINTER PARK, Fla., Feb. 09, 2026 (GLOBE NEWSWIRE) -- Streamex Corp. (“Streamex” or the “Company”) (NASDAQ: STEX), a leader in institutional-grade tokenization and digital asset infrastructure, today announced that its Co-Founder and Chairman, Morgan Lekstrom, has been named Executive Chairman and will join the executive leadership team. The Company has also announced that the previously entered into Secured Convertible Debentures with YA II PN, LTD., a Cayman Islands exempt limited company (“Yorkville” or “Holder”) have been fully repaid and the Standby Equity Purchase Agreement (the “SEPA”) previously entered into with Yorkville has been cancelled.
“I am honoured and excited to step into the Executive Chairman role during such a pivotal time for the company,” said Morgan Lekstrom, Co-Founder of Streamex. “Working directly with our leadership team, partners, and stakeholders we will accelerate and execute on our strategic vision during this critical inflection point in our growth. The convergence of traditional commodity markets with regulated blockchain infrastructure is unprecedented, and Streamex is positioned at the forefront of this transformation.”
“I am thrilled to welcome my co-founder, Morgan Lekstrom, to the executive team as Executive Chairman,” said Henry McPhie, Co-Founder and CEO of Streamex. “Morgan’s leadership, expertise, and work ethic will undoubtedly accelerate our strategic execution. His extensive experience in capital markets and company building is a powerful addition to our leadership team.”
In addition to leadership updates, on February 6, 2026, the Company successfully completed the early repayment to Yorkville of its outstanding Secured Convertible Debentures, announced previously. As previously announced, the SEPA with Yorkville, which the Company never utilized, has also been terminated. These actions have effectively removed all debt and dilution overhang from Streamex’s capital structure, positioning the Company with a clean balance sheet and greater financial flexibility as it enters 2026 and focuses on growth initiatives and the upcoming GLDY launch.
About Morgan Lekstrom
Morgan Lekstrom is the co-founder of Streamex and a seasoned mining executive with over 17 years of experience in capital markets, strategic M&A, and mining. He most recently served as CEO of NexMetals Mining Corp., developing critical metals projects in Botswana with US
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) at @streamex.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Streamex’s business strategy, future growth, and leadership impact. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond Streamex’s control, and actual results may differ materially. Factors that could cause such differences include, among others, market conditions, regulatory developments, and macroeconomic factors affecting digital asset markets. Streamex undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.
Contacts
Streamex Press & Investor Relations
Adele Carey – Alliance Advisors Investor Relations
IR@streamex.com | acarey@allianceadvisors.com
Henry McPhie
Chief Executive Officer, Streamex Corp.
contact@streamex.com | www.streamex.com | X.com/streamex
FAQ
Who is Morgan Lekstrom and what does his appointment as Executive Chairman of STEX mean?
When did Streamex (STEX) repay the convertible debenture to Yorkville and what was the outcome?
What is the SEPA with Yorkville and why was it cancelled for STEX?
How do the leadership change and debt actions affect STEX shareholders and capital structure?
What are Streamex's near‑term priorities after the February 2026 announcements for STEX?
