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Highlights

  • Streamex to become wholly owned subsidiary through share exchange with BioSig.
  • New leadership includes Streamex CEO Henry McPhie as BioSig CEO and Morgan Lekstrom as Chairman.
  • Strategic advisors Frank Giustra and Mathew August join post-closing to support commodities and capital markets.

BioSig Technologies, Inc. (Nasdaq: BSGM) has signed a definitive share exchange agreement with Streamex Exchange Corporation, a private company focused on tokenizing real-world assets, particularly commodities. The agreement will result in Streamex becoming a wholly owned subsidiary of BioSig through an exchange of Streamex shares for newly issued BioSig common stock.

Upon completion, the combined public company will be led by Henry McPhie, Co-Founder and CEO of Streamex, who will assume the role of Chief Executive Officer and join the Board of Directors. Morgan Lekstrom, Streamex’s Co-Founder and Chairman, will serve as Chairman of the Board. Anthony Amato, BioSig’s current CEO, will step down from that role but remain on the board.

This transaction strategically positions the combined entity to participate in the global commodity market, valued at approximately US$142.85 trillion. Streamex specializes in bringing commodities on-chain through secure and scalable real-world asset tokenization solutions, aiming to unlock new avenues within this expansive market.

Following the agreement, BioSig and Streamex plan to accelerate the growth of Streamex’s tokenization business, with further developments expected in the near term.

Additionally, two strategic advisors have been announced to join post-closing: Frank Giustra, founder of Wheaton Precious Metals and GoldCorp, will advise on commodities, while Mathew August, Executive Chairman of Atlas Capital Partners, will provide guidance on U.S. capital markets.

This move marks a significant milestone in BioSig’s corporate strategy, aligning its medical technology operations with the emerging field of blockchain-based asset tokenization within commodities. The combined company aims to leverage expertise from both firms to navigate the evolving market landscape.