Streamex (STEX) risk factors, FY2025 10-K

Streamex's FY2025 10-K, filed Mar 31, 2026, lists 94 risk factors in 5 groups. Against the prior year's 56: 45 new, 7 dropped, 6 substantially reworded.

Risk factors listed
945 groups
New this year
45vs 56 last year
Dropped
7since the prior 10-K
Substantially reworded
6of those kept
Section length
27k wordsItem 1A

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

  1. 01Because we have reverted to a development stage company, we expect to incur operating losses90% rewritten
  2. 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
  3. 03Our digital asset and tokenization business is new and unproven, subjecting us to numerous risks and uncertaintiesNew
  4. 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
  5. 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
  6. 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
  7. 07We may face operational and governance risks because we may retain centralized control over token smart contractsNew
  8. 08Tokenholders may not have perfected rights to underlying gold and may be treated as unsecured creditors in an insolvency scenarioNew
  9. 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
  10. 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
  11. 11We operate in the highly competitive gold market, and established market participants with greater resources, regulatory positioning, or brand recognition may outperform usNew
  12. 12Evolving regulatory requirements for gold trading and cross-border transactions may increase our compliance costs and could restrict or delay our operationsNew
  13. 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
  14. 14Changes in laws and regulations, including increased regulation of blockchain technologies and digital assets, may adversely affect our business, product development, and compliance obligationsNew
  15. 15Our platform may fail to achieve market adoption or effectively address key inefficiencies in the traditional gold and commodities marketsNew
  16. 16However, there is no assurance that our platform will gain traction among institutional investors, gold leasing participants, traders, or other key market participantsNew
  17. 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
  18. 18Discrepancies between token volume entitlements and actual gold holdings may lead to valuation uncertainty, settlement delays, and reputational harmNew
  19. 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
  20. 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
  21. 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
  22. 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
  23. 23The freely transferable nature of tokenized RWA may increase market volatility and limit recourse for tokenholders in the event of disputes or enforcement actionsNew
  24. 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
  25. 25Holders of GLDY bear the economic risk of gold price fluctuations and potential non-performance by gold leasing counterpartiesNew
  26. 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
  27. 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

  1. 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
  2. 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
  3. 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
  4. 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
  5. 32Streamex retains centralized control over the token smart contracts, including upgrade authority, which may result in operational or governance risksNew
  6. 33There is no live proof-of-reserves dashboard or public confirmation of 1:1 gold backing for tokens at this timeNew
  7. 34Streamex may not prevent issuance of tokens in excess of gold held if smart contract or operational safeguards failNew
  8. 35Streamex’s tokenized gold products are expected to be classified as securities exposing Streamex to comprehensive and evolving regulatory obligations across multiple jurisdictionsNew
  9. 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
  10. 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
  11. 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
  12. 39Onboarding is subject to AML/KYC procedures, but compliance infrastructure and enforcement mechanisms may be evolving or incompleteNew
  13. 40Tokens are not currently listed on any exchange, and no market makers are engaged to provide liquidity or price stabilityNew
  14. 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
  15. 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
  16. 43In the event the bullion custodian or Streamex ceases operations, tokenholders may suffer losses and may not recover their full holdingsNew
  17. 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
  18. 45Our PURE EP and other product candidates are in continued development and may not be successfully developed or commercialized
  19. 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
  20. 47We may be unable to develop our existing or future technology
  21. 48We may experience delays in any phase of the preclinical or clinical development of a product, including during its research and development
  22. 49We have completed one clinical trial of our product. The results of additional clinical studies may not support the usefulness of our technology
  23. 50The medical device industry is subject to stringent regulation and failure to obtain regulatory approval will prevent commercialization of our products
  24. 51We, and our third-party manufacturer(s), are, and will be, subject to extensive regulation by the FDA
  25. 52Regulations are constantly changing, and in the future our business may be subject to additional regulations that increase our compliance costs
  26. 53The market for our technology and revenue generation avenues for our EP products may be slow to develop, if at all
  27. 54Our estimate of the size of our addressable EP market may prove to be inaccurate
  28. 55If we seek to market our EP products in foreign jurisdictions, we may need to obtain regulatory approval in these jurisdictions
  29. 56The EP market is highly competitive
  30. 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
  31. 58We may fail to attract and retain qualified personnel
  32. 59If we do not effectively manage changes in our business, these changes could place a significant strain on our management and operations
  33. 60Our strategic business plan may not produce the intended growth in revenue and operating income
  34. 61We currently have limited sales, marketing or distribution operations and will need to expand our expertise in these areas
  35. 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
  36. 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
  37. 64We may face risks associated with future litigation and claims
  38. 65Our business is subject to cybersecurity risks
  39. 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
  40. 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
  41. 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
  42. 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
  43. 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

  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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

  1. 77The market price for our common stock may fluctuate significantly, which could result in substantial losses by our investors
  2. 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
  3. 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
  4. 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
  5. 81Delisting from the Nasdaq Capital Market could negatively impact the Company’s ability to raise additional financing to fund future operations89% rewritten
  6. 82Future sales of our common stock in the public market or other financings could cause our stock price to fall
  7. 83If we sell additional equity or debt securities to fund our operations, it may impose restrictions on our business
  8. 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
  9. 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
  10. 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

  1. 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
  2. 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
  3. 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
  4. 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
  5. 91The liability of our directors and officers is limited
  6. 92Negative publicity or unfavorable media coverage could damage our reputation and harm our operations
  7. 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
  8. 94We are subject to financial reporting and other requirements that place significant demands on our resources

Other Streamex 10-Ks

  • FY2024 10-K risk factors
    56 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.