- BioSig Technologies (BSGM, Financial) successfully completes share exchange with Streamex Exchange Corporation.
- The merger positions the company in the $142.85 trillion global commodity market for real-world asset tokenization.
- Key leadership changes include Streamex's Henry McPhie as CEO and Morgan Lekstrom as Chairman.
BioSig Technologies, Inc. (BSGM) has announced the successful closure of a share exchange transaction with Streamex Exchange Corporation, marking a transformative shift towards real-world asset tokenization, particularly within the vast $142.85 trillion global commodities market. The collaborative venture aims to capitalize on the burgeoning field of tokenization, bringing tangible assets such as commodities on-chain.
As part of the strategic restructure, Streamex Co-Founder Henry McPhie will assume the role of Chief Executive Officer and will join the Board of Directors of the combined entity. Meanwhile, fellow Co-Founder Morgan Lekstrom steps into the role of Chairman. BioSig's former CEO, Anthony Amato, will remain on the Board to provide ongoing support as the company navigates this new phase of growth.
The transaction grants Streamex investors a notable stake in BioSig, paving the way for both shareholder alignment and a unified vision. Initially, Streamex shareholders will receive 19.9% of BioSig’s outstanding common stock pre-transaction, with a potential increase to 75% upon shareholder approval.
In a strategic move to bolster its expertise and advisory capabilities, the merged entity has welcomed Frank Giustra, renowned founder of Wheaton Precious Metals and GoldCorp, as a Strategic Investor and Advisor on Commodities. Additionally, Mathew August joins as a Strategic Advisor on US Capital Markets, bringing extensive experience in venture capitalism across various sectors.
Henry McPhie expressed optimism about the merger's potential impact, stating, "This is a landmark moment for Streamex and a major step forward for the tokenization industry. Joining forces with BioSig and entering the public markets will position us to accelerate growth, scale our technology, and expand our influence within the tokenization and commodities industries."
