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BioSig 13G: Giustra’s Avanico Holds 17M Exchangeables, 12% Ownership

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Schedule 13G highlights: Avanico Limited and investor Frank Giustra jointly report beneficial ownership of 17,040,640 exchangeable shares of BioSig Technologies (BSGM), representing 12.13 % of total equity. Only 5.01 % of this block is immediately convertible into common stock; the balance becomes convertible after shareholder approval expected within 60 days.

The stake originates from the 23 May 2025 share-purchase agreement involving BST Sub ULC and Streamex Exchange Corp. Both reporting persons share voting and dispositive power over the full block, with no sole control.

The ownership calculation is based on 140.4 M total shares (31.3 M common + 109.1 M exchangeable). Full conversion would add up to 17 M new common shares, expanding the tradable float by roughly 54 % versus today’s outstanding common stock.

Item 10 certification indicates the shares were acquired for investment, not to influence control of BioSig.

Positive

  • None.

Negative

  • None.

Insights

TL;DR Passive 12% stake disclosed; near-term 17 M-share conversion could materially enlarge float but signals investor confidence.

The 13G confirms a significant but non-activist position. Giustra is a well-known resource financier; his presence may attract attention and potential capital to BioSig. However, investors should model the effect of up to 17 M additional shares on per-share metrics and trading liquidity. Because only 5% is immediately convertible, dilution is staged, yet the 60-day window is short. Net impact: neutral near term—supportive demand offset by dilution risk.

TL;DR Filing is passive; no control intent, but collective 12% holding merits monitoring for future governance influence.

The certification under Item 10 limits immediate governance concerns; nonetheless, Avanico/Giustra now rank among the largest shareholders. Should their economic interests shift, they could become influential in proxy matters. The conversion contingent on shareholder approval is standard, yet tight timing warrants scrutiny of meeting materials and voting outcomes. Overall governance impact presently neutral, but the block’s size gives optionality for future activism.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G




Comment for Type of Reporting Person: (1) 17,040,640 exchangeable shares (the "Exchangeable Shares") are exchangeable for 17,040,640 shares of BioSig Technology, Inc. (the "Issuer") common stock, par value $0.001 per share (the "Shares"). Currently, 5.01% of the Exchangeable Shares are exchangeable for Shares and the remainder are exchangeable upon stockholder approval which is expected to occur within 60 days. (2) Based on 140,396,715 Shares outstanding as of July 22, 2025, which includes 31,326,659 Shares outstanding and 109,070,079 Exchangeable Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: (1) 17,040,640 Exchangeable Shares are exchangeable for 17,040,640 Shares. Currently, 5.01% of the Exchangeable Shares are exchangeable for Shares and the remainder are exchangeable upon stockholder approval which is expected to occur within 60 days. (2) Based on 140,396,715 Shares outstanding as of July 22, 2025, which includes 31,326,659 Shares outstanding and 109,070,079 Exchangeable Shares.


SCHEDULE 13G



Avanico Limited
Signature:/s/ Frank Giustra
Name/Title:Frank Giustra, Authorized Person
Date:07/25/2025
Frank Giustra
Signature:/s/ Frank Giustra
Name/Title:Frank Giustra, Authorized Person
Date:07/25/2025

FAQ

How much of BioSig Technologies (BSGM) do Avanico Limited and Frank Giustra own?

They beneficially own 17,040,640 exchangeable shares, equating to 12.13 % of BioSig’s total equity.

How many shares can be converted immediately?

5.01 % of the exchangeable shares are currently convertible; the remainder require shareholder approval expected within 60 days.

Will the filing lead to a change of control at BioSig?

No. The Schedule 13G is filed as a passive investment; the filers certify no intent to influence control.

What is BioSig’s current common share count?

The company reports 31,326,659 common shares outstanding as of 22 Jul 2025.

How could conversion affect dilution for BSGM shareholders?

Full conversion would add up to 17 M new common shares, enlarging the active float by roughly 54 %.
BioSig Technologies Inc

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