What the changes say
- Streamex pivoted from a medical device business to a digital asset and real-world asset tokenization platform focused on gold-backed tokens like GLDY.
What changed since the prior 10-K
New
- NewRisks Related to Our Business and Industry
We might not succeed at any of these undertakings. If we are unsuccessful at some or all of these undertakings, our business, prospects, and results of operations may be materially adversely affected
The legacy PURE EP medical device business is not a strategic priority and we may fail to realize value from its disposition.
- NewRisks Related to Our Business and Industry
Our digital asset and tokenization business is new and unproven, subjecting us to numerous risks and uncertainties
Our new Streamex Platform for tokenizing real-world assets faces significant technical, regulatory, and market uncertainties in establishing liquid token markets.
- NewRisks Related to Our Business and Industry
Our tokenized gold products and platform may be subject to extensive and evolving regulation, and we may be required to obtain licenses or registrations (including broker-dealer or alternative trading system regulation) that could delay or prevent commercialization
Tokenized gold products like GLDY may be classified as securities or commodities, requiring costly broker-dealer or alternative trading system registrations.
- NewRisks Related to Our Business and Industry
Our tokenization strategy depends on third-party custody, reserve verification, and related operational controls that may not be fully implemented or may not operate as expected
We rely on third-party custody for gold backing GLDY, and our proof-of-reserves dashboard and independent audit process are not yet fully implemented.
- NewRisks Related to Our Business and Industry
If our tokens are not listed on an exchange and we do not engage market makers or establish liquid trading venues, tokenholders may face significant liquidity and pricing risk
GLDY tokens are not currently listed on any exchange and lack market makers, creating significant liquidity risk and price volatility for holders.
- NewRisks Related to Our Business and Industry
We may face operational and governance risks because we may retain centralized control over token smart contracts
We retain centralized control and upgrade authority over token smart contracts, risking operational disruption or regulatory scrutiny if governance fails.
- NewRisks Related to Our Business and Industry
Tokenholders may not have perfected rights to underlying gold and may be treated as unsecured creditors in an insolvency scenario
Tokenholders may lack direct legal title to specific bullion bars and could be treated as unsecured creditors in an insolvency scenario.
- NewRisks Related to Our Business and Industry
Our financial results and the market price may be adversely affected by fluctuations in the price of gold, other precious metals, and the volatility inherent in digital asset markets
Declines or volatility in the spot price of gold could decrease demand for GLDY and impair our ability to generate fee revenue.
- NewRisks Related to Our Business and Industry
Our gold-linked tokenization and treasury strategy may expose us to complex liquidity risks across both traditional and digital asset markets, which could adversely affect our financial results
Acquiring physical gold for GLDY through Monetary Metals leasing programs introduces complex liquidity risks and counterparty exposure.
- NewRisks Related to Our Business and Industry
We operate in the highly competitive gold market, and established market participants with greater resources, regulatory positioning, or brand recognition may outperform us
We compete with well-established financial institutions, bullion banks, ETF sponsors, and DeFi platforms with vastly superior financial resources.
- NewRisks Related to Our Business and Industry
Evolving regulatory requirements for gold trading and cross-border transactions may increase our compliance costs and could restrict or delay our operations
Cross-border transactions and anti-money laundering requirements for gold trading increase our compliance costs and regulatory exposure.
- NewRisks Related to Our Business and Industry
Our ability to execute our business plan depends on the successful development, deployment, and commercialization of blockchain-based enterprise solutions for tokenized commodities, on-chain commodity markets, and treasury management, which may not materialize as expected
Our business plan relies on successfully developing unproven blockchain infrastructure for on-chain commodity trading and treasury management.
- NewRisks Related to Our Business and Industry
Changes in laws and regulations, including increased regulation of blockchain technologies and digital assets, may adversely affect our business, product development, and compliance obligations
- NewRisks Related to Our Business and Industry
Our platform may fail to achieve market adoption or effectively address key inefficiencies in the traditional gold and commodities markets
- NewRisks Related to Our Business and Industry
However, there is no assurance that our platform will gain traction among institutional investors, gold leasing participants, traders, or other key market participants
- NewRisks Related to Our Business and Industry
The infrastructure underlying the issuance and administration of GLDY combines elements of traditional commodity holding with gold leasing and blockchain-based digital asset issuance—triggering overlapping regulatory frameworks that are subject to heightened scrutiny from global regulators
- NewRisks Related to Our Business and Industry
Discrepancies between token volume entitlements and actual gold holdings may lead to valuation uncertainty, settlement delays, and reputational harm
- NewRisks Related to Our Business and Industry
The concentration of our holdings and strategy in gold may amplify the risks inherent in our business model and expose us to adverse market and operational developments
- NewRisks Related to Our Business and Industry
Our gold holdings will be significantly less liquid than cash and cash equivalents and may not serve as a reliable source of liquidity in times of need
- NewRisks Related to Our Business and Industry
Geopolitical instability, including conflict in the Middle East, could adversely affect gold markets, custody arrangements, cross-border settlement, and demand for our tokenized commodity products
- NewRisks Related to Our Business and Industry
Our business may be adversely affected by sanctions, export controls, anti-money laundering laws, and heightened regulatory scrutiny relating to Iran and other sanctioned jurisdictions, particularly because our products are linked to physical gold and cross-border financial activity
- NewRisks Related to Our Business and Industry
The freely transferable nature of tokenized RWA may increase market volatility and limit recourse for tokenholders in the event of disputes or enforcement actions
- NewRisks Related to Our Business and Industry
Furthermore, the unrestricted nature of transfers may limit Streamex’s ability to monitor or enforce compliance with investor eligibility criteria, sanctions obligations, or secondary trading restrictions, potentially exposing the platform to regulatory risk
- NewRisks Related to Our Business and Industry
Holders of GLDY bear the economic risk of gold price fluctuations and potential non-performance by gold leasing counterparties
- NewRisks Related to Our Business and Industry
Furthermore, the value of the tokens may also be affected by perceived risks of non-performance, creating additional market volatility even absent an actual default. This may impair token liquidity, reduce investor confidence, and undermine secondary market activity
- NewRisks Related to Our Business and Industry
Our ability to build and scale a community of clients and investor end-users for blockchain-enabled financial services and products is uncertain and depends on successful market adoption, product development, and execution of our business strategy
- NewRisks Related to Bullion Custody and Token Structure
Streamex’s bullion custody infrastructure, although established, depends on third-party custodians and service providers, and any failure, interruption, or change in those arrangements could adversely affect its business
- NewRisks Related to Bullion Custody and Token Structure
Although Streamex has engaged an LBMA-accredited custodian, it remains subject to risks associated with reliance on that custodian and with maintaining LBMA-standard bullion custody arrangements
- NewRisks Related to Bullion Custody and Token Structure
Gold may be held on an unallocated basis, and there is no current mechanism to link tokens to individual bullion bars, which may introduce custody, transparency, and redemption risks
- NewRisks Related to Bullion Custody and Token Structure
In the event of loss, theft, or damage to the gold, recovery of value may depend entirely on the custodian’s insurance and operational reliability
- NewRisks Related to Bullion Custody and Token Structure
Streamex retains centralized control over the token smart contracts, including upgrade authority, which may result in operational or governance risks
- NewRisks Related to Bullion Custody and Token Structure
There is no live proof-of-reserves dashboard or public confirmation of 1:1 gold backing for tokens at this time
- NewRisks Related to Bullion Custody and Token Structure
Streamex may not prevent issuance of tokens in excess of gold held if smart contract or operational safeguards fail
- NewRisks Related to Bullion Custody and Token Structure
Streamex’s tokenized gold products are expected to be classified as securities exposing Streamex to comprehensive and evolving regulatory obligations across multiple jurisdictions
- NewRisks Related to Bullion Custody and Token Structure
Failure to comply could expose Streamex to enforcement actions, civil liabilities, and investor rescission demands. Such outcomes are consistent with SEC regulatory posture in Coinbase , which prompted investigations related to offering alleged unregistered securities tokens, staking programs, and wallet services
- NewRisks Related to Bullion Custody and Token Structure
Streamex has not received any no-action relief or regulatory approvals in the United States or other jurisdictions outside Canada, which may subject it to enforcement risk and limit its ability to operate
- NewRisks Related to Bullion Custody and Token Structure
Furthermore, if Streamex were to engage in marketing, issuance, or token transfer activities that are later found to have triggered regulatory obligations outside of Canada, it could face retroactive enforcement, forced platform modifications, investor claims, reputational damage, or operational disruptions
- NewRisks Related to Bullion Custody and Token Structure
Onboarding is subject to AML/KYC procedures, but compliance infrastructure and enforcement mechanisms may be evolving or incomplete
- NewRisks Related to Bullion Custody and Token Structure
Tokens are not currently listed on any exchange, and no market makers are engaged to provide liquidity or price stability
- NewRisks Related to Bullion Custody and Token Structure
In the absence of accessible, liquid secondary markets, tokenholders may be unable to exit their positions efficiently, and Streamex may face challenges in achieving broad adoption of its platform among institutional or retail investors seeking tradable, fungible digital asset products
- NewRisks Related to Bullion Custody and Token Structure
Additionally, resale rules under securities law (e.g., Rule 144 under the Securities Act) may require holding periods, reporting obligations, and affiliate restrictions, none of which can be operationalized without clearly documented and enforceable mechanics
- NewRisks Related to Bullion Custody and Token Structure
In the event the bullion custodian or Streamex ceases operations, tokenholders may suffer losses and may not recover their full holdings
- NewRisks Related to Bullion Custody and Token Structure
If we were deemed to be an investment company under the Investment Company Act of 1940, applicable restrictions could significantly limit our business operations and adversely affect our ability to execute our strategy
- NewRisks Related to our Common Stock
Our common stock is classified as a “penny stock;” the restrictions of the penny stock regulations of the SEC may result in less liquidity for our common stock
- NewRisks Related to our Common Stock
Our significant stockholders and members of management collectively own a substantial portion of our outstanding voting power, which may limit the ability of other stockholders to influence corporate matters
Dropped
- DroppedRisks Related to Our Business and Industry
There is substantial doubt about our ability to continue as a going concern
Substantial doubt about our ability to continue as a going concern.
- DroppedRisks Related to Our Business and Industry
We expect to derive our revenue from sales of our PURE EP and other products we may develop. If we fail to generate revenue from these sources, our results of operations and the value of our business will be materially and adversely affected
- DroppedRisks Related to our Common Stock
Although our shares of common stock are now listed on the Nasdaq Capital Market, we currently have a limited trading volume, which results in higher price volatility for, and reduced liquidity of, our common stock
- DroppedRisks Related to our Common Stock
On July 23, 2024, the Company commenced trading of its common stock on the OTCQB, operated by OTC Markets Group, Inc
Cash and cash equivalents of $0.1 million were insufficient to fund PURE EP operations.
- DroppedRisks Related to our Common Stock
On October 23, 2024, the Company’s common stock resumed trading on the Nasdaq Capital Market
- DroppedRisks Related to our Common Stock
The interests of our controlling stockholders may not coincide with yours and such controlling stockholders may make decisions with which you may disagree
- DroppedRisks Related to our Series C Preferred Stock
As of April 14, 2025, we were in compliance with all covenants of the Series C Preferred Stock
Reworded
- 90% rewrittenRisks Related to Our Business and Industry
Because we have reverted to a development stage company, we expect to incur operating losses
Updated to reflect the pivot from early commercialization of PURE EP to a development stage company focused on the Streamex digital asset platform and GLDY.
- 89% rewrittenRisks Related to our Common Stock
Delisting from the Nasdaq Capital Market could negatively impact the Company’s ability to raise additional financing to fund future operations
Removed references to potential reverse stock splits and added specific penny stock disclosure burdens if delisted to the OTC market.
- 75% rewrittenRisks Related to our Series C Preferred Stock
Our Series C Preferred Stock contains covenants that could limit our financing options and liquidity position, which would limit our ability to grow our business
Updated the Series C Preferred Stock covenant compliance date to March 27, 2026.
- 71% rewrittenRisks Related to our Common Stock
Our failure to meet the continued listing requirements of Nasdaq could result in a delisting of our common stock, which could negatively impact the market price and liquidity of our common stock and our ability to access the capital markets
Retained standard Nasdaq delisting risks without substantive textual changes.
- 62% rewrittenRisks Related to Bullion Custody and Token Structure
The U.S. Congress, the Trump administration, or any new administration may make substantial changes to fiscal, tax, and other federal policies that may adversely affect our business
Retained standard U.S. political and fiscal policy risk factors without substantive changes.
- 62% rewrittenRisks Related to our Common Stock
Our stockholders may experience substantial dilution as a result of the exercise of outstanding options or warrants to purchase shares of our common stock, upon conversion of our Series C preferred stock into shares of our common stock, or upon conversion of our exchangeable shares into shares of our common stock
Updated option, RSU, warrant, and Series C conversion figures as of March 27, 2026, and added 83,420,765 Exchangeable Shares.
Was: Our stockholders may experience substantial dilution as a result of the exercise of outstanding options or warrants to purchase shares of our common stock, or upon conversion of our Series C preferred stock into shares of our common stock
All 94 risk factors
Headings as the filing states them, in filing order.
Risks Related to Our Business and Industry
- 01Because we have reverted to a development stage company, we expect to incur operating losses90% rewritten
- 02We might not succeed at any of these undertakings. If we are unsuccessful at some or all of these undertakings, our business, prospects, and results of operations may be materially adversely affectedNew
- 03Our digital asset and tokenization business is new and unproven, subjecting us to numerous risks and uncertaintiesNew
- 04Our tokenized gold products and platform may be subject to extensive and evolving regulation, and we may be required to obtain licenses or registrations (including broker-dealer or alternative trading system regulation) that could delay or prevent commercializationNew
- 05Our tokenization strategy depends on third-party custody, reserve verification, and related operational controls that may not be fully implemented or may not operate as expectedNew
- 06If our tokens are not listed on an exchange and we do not engage market makers or establish liquid trading venues, tokenholders may face significant liquidity and pricing riskNew
- 07We may face operational and governance risks because we may retain centralized control over token smart contractsNew
- 08Tokenholders may not have perfected rights to underlying gold and may be treated as unsecured creditors in an insolvency scenarioNew
- 09Our financial results and the market price may be adversely affected by fluctuations in the price of gold, other precious metals, and the volatility inherent in digital asset marketsNew
- 10Our gold-linked tokenization and treasury strategy may expose us to complex liquidity risks across both traditional and digital asset markets, which could adversely affect our financial resultsNew
- 11We operate in the highly competitive gold market, and established market participants with greater resources, regulatory positioning, or brand recognition may outperform usNew
- 12Evolving regulatory requirements for gold trading and cross-border transactions may increase our compliance costs and could restrict or delay our operationsNew
- 13Our ability to execute our business plan depends on the successful development, deployment, and commercialization of blockchain-based enterprise solutions for tokenized commodities, on-chain commodity markets, and treasury management, which may not materialize as expectedNew
- 14Changes in laws and regulations, including increased regulation of blockchain technologies and digital assets, may adversely affect our business, product development, and compliance obligationsNew
- 15Our platform may fail to achieve market adoption or effectively address key inefficiencies in the traditional gold and commodities marketsNew
- 16However, there is no assurance that our platform will gain traction among institutional investors, gold leasing participants, traders, or other key market participantsNew
- 17The infrastructure underlying the issuance and administration of GLDY combines elements of traditional commodity holding with gold leasing and blockchain-based digital asset issuance—triggering overlapping regulatory frameworks that are subject to heightened scrutiny from global regulatorsNew
- 18Discrepancies between token volume entitlements and actual gold holdings may lead to valuation uncertainty, settlement delays, and reputational harmNew
- 19The concentration of our holdings and strategy in gold may amplify the risks inherent in our business model and expose us to adverse market and operational developmentsNew
- 20Our gold holdings will be significantly less liquid than cash and cash equivalents and may not serve as a reliable source of liquidity in times of needNew
- 21Geopolitical instability, including conflict in the Middle East, could adversely affect gold markets, custody arrangements, cross-border settlement, and demand for our tokenized commodity productsNew
- 22Our business may be adversely affected by sanctions, export controls, anti-money laundering laws, and heightened regulatory scrutiny relating to Iran and other sanctioned jurisdictions, particularly because our products are linked to physical gold and cross-border financial activityNew
- 23The freely transferable nature of tokenized RWA may increase market volatility and limit recourse for tokenholders in the event of disputes or enforcement actionsNew
- 24Furthermore, the unrestricted nature of transfers may limit Streamex’s ability to monitor or enforce compliance with investor eligibility criteria, sanctions obligations, or secondary trading restrictions, potentially exposing the platform to regulatory riskNew
- 25Holders of GLDY bear the economic risk of gold price fluctuations and potential non-performance by gold leasing counterpartiesNew
- 26Furthermore, the value of the tokens may also be affected by perceived risks of non-performance, creating additional market volatility even absent an actual default. This may impair token liquidity, reduce investor confidence, and undermine secondary market activityNew
- 27Our ability to build and scale a community of clients and investor end-users for blockchain-enabled financial services and products is uncertain and depends on successful market adoption, product development, and execution of our business strategyNew
Risks Related to Bullion Custody and Token Structure
- 28Streamex’s bullion custody infrastructure, although established, depends on third-party custodians and service providers, and any failure, interruption, or change in those arrangements could adversely affect its businessNew
- 29Although Streamex has engaged an LBMA-accredited custodian, it remains subject to risks associated with reliance on that custodian and with maintaining LBMA-standard bullion custody arrangementsNew
- 30Gold may be held on an unallocated basis, and there is no current mechanism to link tokens to individual bullion bars, which may introduce custody, transparency, and redemption risksNew
- 31In the event of loss, theft, or damage to the gold, recovery of value may depend entirely on the custodian’s insurance and operational reliabilityNew
- 32Streamex retains centralized control over the token smart contracts, including upgrade authority, which may result in operational or governance risksNew
- 33There is no live proof-of-reserves dashboard or public confirmation of 1:1 gold backing for tokens at this timeNew
- 34Streamex may not prevent issuance of tokens in excess of gold held if smart contract or operational safeguards failNew
- 35Streamex’s tokenized gold products are expected to be classified as securities exposing Streamex to comprehensive and evolving regulatory obligations across multiple jurisdictionsNew
- 36Failure to comply could expose Streamex to enforcement actions, civil liabilities, and investor rescission demands. Such outcomes are consistent with SEC regulatory posture in Coinbase , which prompted investigations related to offering alleged unregistered securities tokens, staking programs, and wallet servicesNew
- 37Streamex has not received any no-action relief or regulatory approvals in the United States or other jurisdictions outside Canada, which may subject it to enforcement risk and limit its ability to operateNew
- 38Furthermore, if Streamex were to engage in marketing, issuance, or token transfer activities that are later found to have triggered regulatory obligations outside of Canada, it could face retroactive enforcement, forced platform modifications, investor claims, reputational damage, or operational disruptionsNew
- 39Onboarding is subject to AML/KYC procedures, but compliance infrastructure and enforcement mechanisms may be evolving or incompleteNew
- 40Tokens are not currently listed on any exchange, and no market makers are engaged to provide liquidity or price stabilityNew
- 41In the absence of accessible, liquid secondary markets, tokenholders may be unable to exit their positions efficiently, and Streamex may face challenges in achieving broad adoption of its platform among institutional or retail investors seeking tradable, fungible digital asset productsNew
- 42Additionally, resale rules under securities law (e.g., Rule 144 under the Securities Act) may require holding periods, reporting obligations, and affiliate restrictions, none of which can be operationalized without clearly documented and enforceable mechanicsNew
- 43In the event the bullion custodian or Streamex ceases operations, tokenholders may suffer losses and may not recover their full holdingsNew
- 44If we were deemed to be an investment company under the Investment Company Act of 1940, applicable restrictions could significantly limit our business operations and adversely affect our ability to execute our strategyNew
- 45Our PURE EP and other product candidates are in continued development and may not be successfully developed or commercialized
- 46We may need to finance our future cash needs through public or private equity offerings, debt financings or corporate collaboration and licensing arrangements. Any additional funds that we obtain may not be on terms favorable to us or our stockholders and may require us to relinquish valuable rights
- 47We may be unable to develop our existing or future technology
- 48We may experience delays in any phase of the preclinical or clinical development of a product, including during its research and development
- 49We have completed one clinical trial of our product. The results of additional clinical studies may not support the usefulness of our technology
- 50The medical device industry is subject to stringent regulation and failure to obtain regulatory approval will prevent commercialization of our products
- 51We, and our third-party manufacturer(s), are, and will be, subject to extensive regulation by the FDA
- 52Regulations are constantly changing, and in the future our business may be subject to additional regulations that increase our compliance costs
- 53The market for our technology and revenue generation avenues for our EP products may be slow to develop, if at all
- 54Our estimate of the size of our addressable EP market may prove to be inaccurate
- 55If we seek to market our EP products in foreign jurisdictions, we may need to obtain regulatory approval in these jurisdictions
- 56The EP market is highly competitive
- 57We rely on key officers, consultants and scientific and medical advisors, and their knowledge of our business and technical expertise would be difficult to replace
- 58We may fail to attract and retain qualified personnel
- 59If we do not effectively manage changes in our business, these changes could place a significant strain on our management and operations
- 60Our strategic business plan may not produce the intended growth in revenue and operating income
- 61We currently have limited sales, marketing or distribution operations and will need to expand our expertise in these areas
- 62Our product development program depends upon third-party researchers, including Mayo Clinic, who are outside our control and whose negative performance could materially hinder or delay our pre-clinical testing or clinical trials
- 63If healthcare providers are unable to obtain sufficient reimbursement or other financial incentives from third-party healthcare payers related to the use of our products, their adoption and our future product sales will be materially adversely affected
- 64We may face risks associated with future litigation and claims
- 65Our business is subject to cybersecurity risks
- 66We could be adversely affected if healthcare legislation or reform measures substantially change the market for medical care or healthcare coverage in the U.S., negatively affecting our business or revenue for PURE EP or future products
- 67As a smaller reporting company, we are subject to scaled disclosure requirements that may make it more challenging for investors to analyze our results of operations and financial prospects
- 68Global economic uncertainty and financial market volatility caused by political instability, changes in international trade relationships and conflicts could make it more difficult for us to access financing and could adversely affect our business and operations
- 69The U.S. Congress, the Trump administration, or any new administration may make substantial changes to fiscal, tax, and other federal policies that may adversely affect our business62% rewritten
- 70There are inherent limitations in all control systems, and misstatements due to error or fraud may occur and not be detected
Risks Related to Our Intellectual Property
- 71If we do not obtain protection for our intellectual property rights, our competitors may be able to take advantage of our research and development efforts to develop competing products
- 72If we infringe upon the rights of third parties, we could be prevented from selling products and forced to pay damages and defend against litigation
- 73We depend on our collaboration with Mayo Clinic for the research and development of additional advanced features of PURE EP. If this collaboration is not successful, we may not be able to realize the market potential of such features and may not have rights to use any such developed advanced features
- 74If we fail to comply with our obligations under our license agreements, we could lose the rights to intellectual property that is important to our business
- 75We may be subject to damages resulting from claims that we or our employees have wrongfully used or disclosed alleged trade secrets of their former employers
- 76Obtaining and maintaining patent protection depends on compliance with various procedures and other requirements, and our patent protection could be reduced or eliminated in case of non-compliance with these requirements
Risks Related to our Common Stock
- 77The market price for our common stock may fluctuate significantly, which could result in substantial losses by our investors
- 78Further, the stock market in general, and the market for technology companies in particular, has experienced extreme price and volume fluctuations in the past. Continued market fluctuations could result in extreme volatility in the price of our common stock, which could cause a decline in the value of our common stock
- 79Our common stock is classified as a “penny stock;” the restrictions of the penny stock regulations of the SEC may result in less liquidity for our common stockNew
- 80Our failure to meet the continued listing requirements of Nasdaq could result in a delisting of our common stock, which could negatively impact the market price and liquidity of our common stock and our ability to access the capital markets71% rewritten
- 81Delisting from the Nasdaq Capital Market could negatively impact the Company’s ability to raise additional financing to fund future operations89% rewritten
- 82Future sales of our common stock in the public market or other financings could cause our stock price to fall
- 83If we sell additional equity or debt securities to fund our operations, it may impose restrictions on our business
- 84Our stockholders may experience substantial dilution as a result of the exercise of outstanding options or warrants to purchase shares of our common stock, upon conversion of our Series C preferred stock into shares of our common stock, or upon conversion of our exchangeable shares into shares of our common stock62% rewritten
- 85Our significant stockholders and members of management collectively own a substantial portion of our outstanding voting power, which may limit the ability of other stockholders to influence corporate mattersNew
- 86Delaware law and our Amended and Restated Certificate of Incorporation and By-laws contain anti-takeover provisions that could delay or discourage takeover attempts that stockholders may consider favorable
Risks Related to our Series C Preferred Stock
- 87Our Series C Preferred Stock contains covenants that could limit our financing options and liquidity position, which would limit our ability to grow our business75% rewritten
- 88The holders of our Series C Preferred Stock are entitled to receive a dividend, which may be increased if we do not comply with certain covenants
- 89The terms of our Series C Preferred Stock contain anti-dilution provisions that may result in the reduction of the conversion prices in the future
- 90The terms of our Series C Preferred Stock prohibit us from paying dividends in the future on our common stock. As a result, any return on investment may be limited to the value of our common stock
- 91The liability of our directors and officers is limited
- 92Negative publicity or unfavorable media coverage could damage our reputation and harm our operations
- 93If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline
- 94We are subject to financial reporting and other requirements that place significant demands on our resources
Other Streamex 10-Ks
- FY2024 10-K risk factors56 risks
Streamex faces severe going concern doubts with cash reserves of only $0.1 million as of December 31, 2024. The company reverted to a development stage, relying heavily on its PURE EP medical device candidate. Operations depend heavily on a key research collaboration with Mayo Clinic.
Filed Apr 15, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.