SCHEDULE: Avanico, Giustra Amend Streamex Corp. Ownership Stake
Beneficial Ownership Amendment
Avanico Limited and Frank Giustra have filed an amended Schedule 13G, correcting previously reported beneficial ownership in Streamex Corp. to 12.02%.
Summary
- Avanico Limited and Frank Giustra collectively beneficially own 17,371,845 shares of Streamex Corp. common stock.
- This aggregate amount represents 12.02% of Streamex Corp.'s outstanding common stock, based on 144,526,415 shares outstanding as of September 15, 2025.
- The beneficial ownership includes 17,193,640 exchangeable shares, of which 5.01% are currently exchangeable, with the remainder contingent on stockholder approval expected within 60 days.
- An additional 178,205 shares are held by Sestini & Co., an entity controlled by Frank Giustra, and are thus deemed beneficially owned by him.
- The amendment corrects an inadvertent error in the previously reported number of exchangeable shares and clarifies that shares attributed to Frank Giustra are held in trust.
- Avanico Limited is a UAE Corporation, and Frank Giustra is a citizen of Italy and Canada.
Sentiment
Score: 5
Explanation: The filing is a factual amendment correcting an inadvertent error in beneficial ownership reporting, with no explicit positive or negative implications for the company's performance or outlook.
Future Outlook
Stockholder approval for the remaining exchangeable shares is expected to occur within 60 days.
Industry Context
This filing is a routine disclosure of beneficial ownership, common for significant shareholders in publicly traded companies, and does not inherently reflect broader industry trends or competitive positioning.
Related Party Transactions
- 178,205 shares are held by Sestini & Co., an entity controlled by Frank Giustra, and are deemed beneficially owned by him.
Stakeholder Impact
- Shareholders: Clarification of significant beneficial ownership structure and the process for exchangeable shares to convert into common stock.
- Regulatory Authorities: Compliance with SEC disclosure requirements for beneficial ownership.
Next Steps
- Obtain stockholder approval for the exchangeability of the remaining 94.99% of the 17,193,640 exchangeable shares within 60 days.
Key Dates
| Date | Description |
|---|---|
| 05/23/2025 | Date of the share purchase agreement (as amended and in effect) among the Issuer, BST Sub ULC, 1540875 B.C. Ltd., 1540873 B.C. Ltd., Streamex Exchange Corporation and its shareholders. |
| 05/28/2025 | Date of event which required the filing of this statement. |
| 09/15/2025 | Date as of which the beneficial ownership information is reported and the amendment was signed. |
Keywords
Streamex Corp, Avanico Limited, Frank Giustra, Beneficial Ownership, Schedule 13G, Common Stock, Exchangeable Shares, Shareholder, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.