Latest news with #BioSig
Business Wire
3 days ago
- Business
- Business Wire
CORRECTION: BioSig & Streamex Clarify and Correct Details of Russell Starr's Appointment and Biography
VANCOUVER, British Columbia & LOS ANGELES--(BUSINESS WIRE)-- BioSig Technologies, Inc. ('BioSig' or the 'Company'), which recently merged with Streamex Exchange Corporation ('Streamex') (Nasdaq: BSGM), issues a correction to the press release regarding the appointment of Russell Starr as Strategic Advisor to Streamex, published on July 11, 2025. The correction concerns a clarification in the press release with respect to stated aspects of Mr. Starr's biography, including his most recent role and responsibilities at DeFi Technologies and that he led the Company's growth from $0.07 USD to $4.95 USD per share and over $200M USD in yearly revenue. During this period, Mr. Starr was not the Chief Executive Officer of the Company, but instead served as Head of Capital Markets Consultant at DeFi Technologies. The corrected biography of Mr. Starr is set forth below. All other information in the press release on July 11, 2025 remains unchanged. BioSig reiterates that Mr. Starr is a former executive on Bay Street and respected entrepreneur and financier, Mr. Starr has built a reputation for navigating high-stakes financial transactions and guiding companies through complex growth trajectories. Most recently, he was Head of Capital Markets Consultant at DeFi Technologies, a publicly traded company at the forefront of decentralized finance and digital asset innovation. During his time with DeFi Technologies, it accelerated its strategic focus on Web3 infrastructure, emerging markets, and tokenized finance. Mr. Starr also helped bring Defi Technologies to be listed on the Nasdaq. Mr. Starr's career is defined by a consistent focus on long-term value creation, particularly in the natural resource and renewable energy sectors. He is a strong advocate for Canada's emerging leadership in the global resource economy and sees the convergence of the renewable energy transition and weakening fiat currencies as powerful tailwinds for real asset investment. Over the course of his career, Mr. Starr has held key leadership roles across public and private companies, contributing deep expertise in M&A, venture capital, and strategic partnerships. His ability to structure high-return, high-impact deals has earned him the trust of stakeholders across sectors. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential,' or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond our control. It is possible that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, depending on factors including whether we will be able to realize the benefits of the acquisition of Streamex, whether shareholder approval of the acquisition will be obtained, and whether we will be able to maintain compliance with Nasdaq's listing criteria in connection with the acquisition and otherwise. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in forward-looking statements, see our filings with the Securities and Exchange Commission, including the section titled 'Risk Factors' in our Annual Report on Form 10-K, filed with the SEC on April 15, 2025. We assume no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise, except as required by law.
Business Insider
3 days ago
- Business
- Business Insider
BSGM Engages CXG to Acquire FINRA/SEC-Registered Broker-Dealer to Expand Publicly Traded RWA Tokenization Operations
Will Position Streamex as one of the first NASDAQ-listed SEC and FINRA Compliant Issuers of RWA Tokens in the U.S. BioSig Technologies, Inc. (NASDAQ: BSGM) ('BioSig'), which recently merged with Streamex Exchange Corporation ('Streamex') (together, 'BSGM' or the 'Company'), is excited to announce a critical step toward becoming one of the first fully regulated Real-World Asset ('RWA') tokenization companies trading on a major United States exchange: Streamex has engaged Compliance Exchange Group (CXG) to lead and manage the acquisition of a specific FINRA and SEC-registered broker-dealer with licensed operations. Acquisition of the broker-dealer, once complete, will create an entity with a significant first-mover advantage in U.S.-major-exchange-traded RWA-backed tokenized investment opportunities for both major institutional and retail investors in the U.S. This capability is expected to significantly accelerate adoption and network effect growth of Streamex's proprietary on-chain RWA commodity market platform. The Company will also continue to seek out other broker-dealer opportunities in other strategically advantageous countries. Management notes that the near-term vision is to provide access to fully compliant, gold-backed tokenized assets for U.S. institutional and retail investors targeting the $22 trillion global gold market within the $142 trillion commodities sector, while engaging network-effect-based accelerating growth for the Streamex proprietary on-chain RWA-backed commodity exchange and financing ecosystem. First-Mover Advantage: Streamex will be among the first Nasdaq-listed companies to issue regulated, gold-backed RWA tokens. Regulatory Compliance: Full compliance with both FINRA and SEC regulations, aligning with emerging U.S. digital asset frameworks. Scalable Platform: Streamex's Solana-based blockchain enables fast, low-cost issuance and trading of gold-backed tokens, making gold investment accessible to all, with additional commodities markets to come. Gold-Backed Growth: Streamex aims to hold significant quantities in vaulted gold by 2026, denominating its balance sheet in physical gold to support a recurring revenue model. Why It Matters Near term, the acquisition positions Streamex to bridge traditional finance and blockchain, offering a seamless way to invest in physical gold through digital tokens. Investors can buy fractional shares of gold with the ease of cryptocurrency, while businesses gain new ways to raise capital. This move aligns with global trends, as institutions like BlackRock and Goldman Sachs tokenize billions in assets, and U.S. regulators begin to clarify digital asset rules. 'The acquisition will be a defining moment for Streamex and BioSig,' said Henry McPhie, CEO of BioSig and Co-Founder of Streamex. 'Acquiring a regulated broker-dealer will help us build the infrastructure to lead the gold tokenization market in the U.S. Our Nasdaq listing and gold-backed platform will unlock unprecedented opportunities for investors and reshape the $22trillion gold market.' Morgan Lekstrom, Executive Chairman of the Company, added: 'Tokenizing gold is the future of commodity finance. Streamex's regulated approach and public market presence make it a pioneer in this transformative space, with the potential to redefine how investors access real assets.' About the Acquisition The FINRA and SEC-registered broker-dealer, with a presence in the U.S., will provide Streamex with the regulatory framework to issue and trade tokenized assets under federal securities laws. Compliance Exchange Group (CXG), a leader in broker-dealer compliance, will oversee the acquisition to ensure seamless integration and adherence to regulations. This acquisition is a critical step toward scaling Streamex's RWA tokenization platform nationwide. Streamex is a gold treasury and infrastructure company building the foundation for on-chain commodity markets. With a focus on real-world asset (RWA) tokenization, Streamex is developing a vertically integrated platform that combines token issuance, trading infrastructure, and physical gold holdings, positioning the Company to become one of Nasdaq's largest public holders of gold bullion. This strategic approach aligns with Streamex's mission to reshape global finance by bringing the approximately $142 trillion global commodities market on chain. By merging the security and trust of physical gold with the efficiency and transparency of blockchain, Streamex is creating scalable financial infrastructure for a new era of digital commodities. The Company plans to hold significant quantities of physical gold, securely vaulted through a top-tier bullion bank. Streamex will denominate the majority of its balance sheet in vaulted gold rather than fiat currency, supporting a long-term, value-based financial model. Combined with Streamex's Solana-based blockchain infrastructure, this strategy enables a recurring revenue model that supports the issuance of gold-backed digital assets. Streamex is a wholly owned subsidiary of BioSig Technologies, Inc. CXG specializes in building, managing, and supporting Broker-Dealer infrastructure, offering full-service compliance, registration, principal outsourcing, and advisory services. About BioSig Technologies, Inc. BioSig Technologies, Inc. is a medical device technology company with an advanced digital signal processing technology platform, the PURE EP Platform, that delivers insights to electrophysiologists for ablation treatments of cardiovascular arrhythmias. The PURE EP Platform enables electrophysiologists to acquire raw signal data in real-time—absent unnecessary noise or interference—to maximize procedural success and minimize unnecessary inefficiencies. As physician advocates, we believe that the ability to maintain the integrity of intracardiac signals with precision and clarity without driving up procedural costs has never been more pertinent. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential,' or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond our control. It is possible that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, depending on factors including whether we will be able to realize the benefits of the acquisition of Streamex, whether shareholder approval of the acquisition will be obtained, and whether we will be able to maintain compliance with Nasdaq's listing criteria in connection with the acquisition and otherwise. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in forward-looking statements, see our filings with the Securities and Exchange Commission, including the section titled 'Risk Factors' in our Annual Report on Form 10-K, filed with the SEC on April 15, 2025. We assume no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise, except as required by law. Contacts Press Contact Phoenix MGMT Henry McPhie
Business Wire
3 days ago
- Business
- Business Wire
CORRECTING and REPLACING BioSig & Streamex Appoint Defi Expert and Visionary, Russell Starr as Strategic Advisor
VANCOUVER, British Columbia & LOS ANGELES--(BUSINESS WIRE)--Please replace the release dated July 11, 2025 with the following corrected version due to revisions to details of Russell Starr's appointment and biography. During this period, Mr. Starr was not the Chief Executive Officer of the Company, but instead served as Head of Capital Markets Consultant at DeFi Technologies. The updated release reads: BIOSIG & STREAMEX APPOINT DEFI EXPERT AND VISIONARY, RUSSELL STARR AS STRATEGIC ADVISOR BioSig Technologies, Inc. ('BioSig' or the 'Company'), which recently merged with Streamex Exchange Corporation ('Streamex') (Nasdaq: BSGM), is pleased to announce the appointment of Russell Starr as Strategic Advisor to Streamex. Mr. Starr brings decades of experience in capital markets, business development, and transformative deal-making across, defi, traditional finance and emerging sectors. A former executive on Bay Street and respected entrepreneur and financier, Mr. Starr has built a reputation for navigating high-stakes financial transactions and guiding companies through complex growth trajectories. Most recently, he was Head of Capital Markets Consultant at DeFi Technologies, a publicly traded company at the forefront of decentralized finance and digital asset innovation. During his time with DeFi Technologies, it accelerated its strategic focus on Web3 infrastructure, emerging markets, and tokenized finance. Mr. Starr also helped bring DeFi Technologies to be listed on the Nasdaq. Mr. Starr's career is defined by a consistent focus on long-term value creation, particularly in the natural resource and renewable energy sectors. He is a strong advocate for Canada's emerging leadership in the global resource economy and sees the convergence of the renewable energy transition and weakening fiat currencies as powerful tailwinds for real asset investment. Over the course of his career, Mr. Starr has held key leadership roles across public and private companies, contributing deep expertise in M&A, venture capital, and strategic partnerships. His ability to structure high-return, high-impact deals has earned him the trust of stakeholders across sectors. 'Russell's experience in capital markets, natural resources, and decentralized finance make him an exceptional addition to the Streamex advisory team,' said Henry McPhie, CEO of BioSig and Co-Founder of Streamex. 'His visionary leadership and belief in the long-term value of real assets align perfectly with our mission to bring commodities on chain. We're thrilled to welcome him as we scale our presence in the tokenized asset space.' Mr. Starr commented, 'Streamex is leading a powerful shift in how real-world assets are accessed, valued, and exchanged. The infrastructure they're building is unlocking the full potential of tokenized commodities. I'm excited to contribute to a platform that combines deep market knowledge with a bold, innovative vision.' Streamex's Advisory Board Russell Starr joins a world-class group of strategic advisors at Streamex: About Streamex Streamex is a gold treasury and infrastructure company building the foundation for on-chain commodity markets. With a focus on real-world asset (RWA) tokenization, Streamex is developing a vertically integrated platform that combines token issuance, trading infrastructure, and physical gold holdings positioning the Company to become one of Nasdaq's largest public holders of gold bullion. This strategic approach aligns with Streamex's mission to reshape global finance by bringing the approximately $142 trillion global commodities market on chain. By merging the security and trust of physical gold with the efficiency and transparency of blockchain, Streamex is creating scalable financial infrastructure for a new era of digital commodities. The Company plans to hold significant quantities of physical gold, securely vaulted through a top-tier bullion bank. Streamex will denominate the majority of its balance sheet in vaulted gold rather than fiat currency, supporting a long-term, value-based financial model. Combined with Streamex's Solana-based blockchain infrastructure, this strategy enables a recurring revenue model that supports the issuance of gold-backed digital assets. Streamex is a wholly owned subsidiary of BioSig Technologies, Inc. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential,' or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond our control. It is possible that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, depending on factors including whether we will be able to realize the benefits of the acquisition of Streamex, whether shareholder approval of the acquisition will be obtained, and whether we will be able to maintain compliance with Nasdaq's listing criteria in connection with the acquisition and otherwise. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in forward-looking statements, see our filings with the Securities and Exchange Commission, including the section titled 'Risk Factors' in our Annual Report on Form 10-K, filed with the SEC on April 15, 2025. We assume no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise, except as required by law.
Business Wire
6 days ago
- Business
- Business Wire
BioSig & Streamex Appoint Defi Expert and Visionary, Russell Starr as Strategic Advisor
VANCOUVER, British Columbia & LOS ANGELES--(BUSINESS WIRE)--BioSig Technologies, Inc. ('BioSig' or the 'Company'), which recently merged with Streamex Exchange Corporation ('Streamex') (Nasdaq: BSGM), is pleased to announce the appointment of Russell Starr as Strategic Advisor to Streamex. Mr. Starr brings decades of experience in capital markets, business development, and transformative deal-making across, defi, traditional finance and emerging sectors. A former executive on Bay Street and respected entrepreneur and financier, Mr. Starr has built a reputation for navigating high-stakes financial transactions and guiding companies through complex growth trajectories. Most recently, he served as CEO of DeFi Technologies, a publicly traded company at the forefront of decentralized finance and digital asset innovation where he led the company's growth from $0.07 USD to $4.95 USD per share and over $200M USD in yearly revenue. Under his leadership, DeFi Technologies accelerated its strategic focus on Web3 infrastructure, emerging markets, and tokenized finance. After stepping back as CEO of Defi Mr Starr assume the role of Head of Capital Markets and helped bring Defi Technologies to be listed on the Nasdaq. Mr. Starr's career is defined by a consistent focus on long-term value creation, particularly in the natural resource and renewable energy sectors. He is a strong advocate for Canada's emerging leadership in the global resource economy and sees the convergence of the renewable energy transition and weakening fiat currencies as powerful tailwinds for real asset investment. Over the course of his career, Mr. Starr has held key leadership roles across public and private companies, contributing deep expertise in M&A, venture capital, and strategic partnerships. His ability to structure high-return, high-impact deals has earned him the trust of stakeholders across sectors. 'Russell's experience in capital markets, natural resources, and decentralized finance make him an exceptional addition to the Streamex advisory team,' said Henry McPhie, CEO of BioSig and Co-Founder of Streamex. 'His visionary leadership and belief in the long-term value of real assets align perfectly with our mission to bring commodities on chain. We're thrilled to welcome him as we scale our presence in the tokenized asset space.' Mr. Starr commented, 'Streamex is leading a powerful shift in how real-world assets are accessed, valued, and exchanged. The infrastructure they're building is unlocking the full potential of tokenized commodities. I'm excited to contribute to a platform that combines deep market knowledge with a bold, innovative vision.' Streamex's Advisory Board Russell Starr joins a world-class group of strategic advisors at Streamex: Frank Giustra – Strategic Investor and Advisor on Commodities Founder of Wheaton Precious Metals ($37B) Founder of GoldCorp (Acquired by Newmont for $57B) Founder of LionsGate Films ($2B) Sean Roosen – Strategic Advisor on Mining and Asset Strategy Founder, Executive Chairman, and CEO of Osisko Development Corp. Founder & Former CEO of Osisko Mining Founder & Former CEO of Osisko Gold Royalties ($6.9B) Mathew August – Strategic Advisor on US Capital Markets Executive Chairman of Atlas Capital Partners, a New York-based single-family office and merchant bank Active venture capitalist with investments in Defense Tech, FinTech, and Aerospace Russell Starr – Strategic Advisor on Defi & Resource Innovation Former CEO of DeFi Technologies Veteran Bay Street executive and capital markets expert Entrepreneur specializing in high-return transactions, renewable energy, and natural resources Trevor Bacon – Strategic Advisor on DeFi Infrastructure CEO and Co-Founder of Parcl Former Portfolio Manager and Barclays Vice President Kellan Grenier – Strategic Advisor on Tokenized Asset Strategy and Web3 Integration COO and Co-Founder of Parcl Former Investment Analyst and blockchain strategist About Streamex Streamex is a gold treasury and infrastructure company building the foundation for on-chain commodity markets. With a focus on real-world asset (RWA) tokenization, Streamex is developing a vertically integrated platform that combines token issuance, trading infrastructure, and physical gold holdings positioning the Company to become one of Nasdaq's largest public holders of gold bullion. This strategic approach aligns with Streamex's mission to reshape global finance by bringing the approximately $142 trillion global commodities market on chain. By merging the security and trust of physical gold with the efficiency and transparency of blockchain, Streamex is creating scalable financial infrastructure for a new era of digital commodities. The Company plans to hold significant quantities of physical gold, securely vaulted through a top-tier bullion bank. Streamex will denominate the majority of its balance sheet in vaulted gold rather than fiat currency, supporting a long-term, value-based financial model. Combined with Streamex's Solana-based blockchain infrastructure, this strategy enables a recurring revenue model that supports the issuance of gold-backed digital assets. Streamex is a wholly owned subsidiary of BioSig Technologies, Inc. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential,' or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond our control. It is possible that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, depending on factors including whether we will be able to realize the benefits of the acquisition of Streamex, whether shareholder approval of the acquisition will be obtained, and whether we will be able to maintain compliance with Nasdaq's listing criteria in connection with the acquisition and otherwise. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in forward-looking statements, see our filings with the Securities and Exchange Commission, including the section titled 'Risk Factors' in our Annual Report on Form 10-K, filed with the SEC on April 15, 2025. We assume no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise, except as required by law.
Yahoo
08-07-2025
- Business
- Yahoo
BioSig, Streamex to Raise $1.1B for Gold Tokenization Initiative on Solana
BioSig Technologies (BSGM), a medical-technology company fresh off a merger with tokenization firm Streamex, said it signed definitive agreements for up to $1.1 billion in financing to fund a gold-backed treasury model and scale its tokenization platform for real-world assets (RWAs) like gold and other commodities. The capital raise includes $100 million in senior secured convertible debentures and a $1 billion equity line of credit. The debentures accrue 4% interest and are convertible into common shares, giving holders the rights to a sizable equity position. Under the equity line of credit, the firm may issue new shares and sell up to $1 billion of common stock to investors for up 36 months. BSGM shares plunged as much as 43% to $6.54 on Tuesday following the announcement, perhaps on concerns about potential shareholder dilution. The price stabilized later around $9, down 20% during the day. The company's market capitalization is about $1 billion at current prices, according to Yahoo Finance data. Still, it is up roughly 600% since the two firms announced their merger on May 5. A slew of companies have recently said they are pivoting to a crypto treasury strategy, raising capital by selling shares and issuing debt and investing in tokens like bitcoin (BTC) and Ethereum's ether (ETH). BioSig is taking a different approach. The merged entity is positioning itself as a gold treasury company while betting on the red-hot tokenization trend. Tokenized assets, or traditional instruments like stocks, funds and commodities on blockchain rails, are projected to become a multitrillion dollar market over the next years, reports by BCG, McKinsey and Standard Chartered said. The company plans to hold physical gold through a top-tier bullion bank and denominate much of its balance sheet in the yellow metal rather than fiat currency. Meanwhile, Streamex plans to issue tokens backed by gold and other commodities through its platform built on the Solana (SOL) blockchain. "By combining the value of physical gold with the innovation of blockchain, we are building a company grounded in what we believe to be the world's most trusted store of value while enabling a scalable, high-return business model through tokenization," BioSig CEO and Streamex co-founder Henry McPhie said in a statement. "Our mission is to unlock liquidity, transparency, and accessibility across the $142 trillion commodities market, and this milestone is just the beginning," he in to access your portfolio
