SCHEDULE: Streamex Corp. Chairman Discloses 13.99% Stake
Beneficial Ownership Disclosure
Morgan Lee Lekstrom, Chairman of Streamex Corp., has disclosed a 13.99% beneficial ownership stake in the company following a share exchange related to the acquisition of Streamex.
Summary
- Morgan Lee Lekstrom, Chairman of Streamex Corp., beneficially owns 20,707,421 shares of Common Stock, representing 13.99% of the company's outstanding shares.
- The beneficial ownership stems from 20,707,421 Exchangeable Shares in BST Sub ULC (ExchangeCo), a wholly-owned subsidiary of Streamex Corp., which are exchangeable for one share of Common Stock each.
- These Exchangeable Shares were received in connection with the Share Purchase Agreement (SPA) dated May 23, 2025, where Streamex Corp., through ExchangeCo, acquired all outstanding shares of Streamex.
- Upon the closing of the transaction, ExchangeCo issued an aggregate of 109,070,056.6977 Exchangeable Shares at a ratio of 2.046862 Exchangeable Shares for each purchased share of Streamex.
- Stockholder approval for the Share Exchange, allowing for the issuance of Common Stock for Exchangeable Shares, was received on November 4, 2025.
- Mr. Lekstrom, co-founder and Chairman of Streamex, was appointed Chairman of Streamex Corp. effective May 28, 2025, following the resignation of Anthony Amato.
Sentiment
Score: 7
Explanation: The filing is largely factual and regulatory, reporting a significant beneficial ownership stake by the Chairman following an acquisition. The high ownership percentage can be seen as positive for aligning management and shareholder interests, but the filing itself does not contain new operational or financial news to significantly shift sentiment.
Positives
- The Chairman's significant beneficial ownership of 13.99% aligns his interests with those of other shareholders.
- The completion of the Share Exchange and stockholder approval indicates a successful integration step for the acquisition of Streamex.
Risks
- As Chairman, Morgan Lee Lekstrom may have influence over the corporate activities of Streamex Corp., including potential changes in control, mergers, asset sales, or other significant corporate actions.
Future Outlook
Morgan Lee Lekstrom reserves the right to formulate future plans or proposals that may relate to or result in transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, which include potential mergers, acquisitions, sales of assets, changes in management, or other significant corporate actions.
Management Comments
- Morgan Lee Lekstrom, as Chairman, may have influence over the corporate activities of the Company.
Industry Context
This filing is a standard regulatory disclosure following a significant corporate transaction (an acquisition) and a change in executive leadership. It details the resulting beneficial ownership stake of a key insider, which is a common occurrence in the M&A landscape and provides transparency to the market regarding control and influence.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Executive Officer, President and Chairman of the Board | Anthony Amato | May 28, 2025 | Resignation | |
| Chairman of the Board | Morgan Lee Lekstrom | May 28, 2025 | Appointment following acquisition |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Voting Rights Structure | Holders of Exchangeable Shares, including the Reporting Person, are entitled to voting rights in the Company equivalent to those of Common Stock holders. These rights are exercised indirectly through a single share of Special Voting Preferred Stock held by a Trustee, which votes in accordance with instructions from Exchangeable Share holders. | May 27, 2025 | Ensures equivalent voting power for holders of Exchangeable Shares, maintaining their influence despite holding a different class of security. |
Stakeholder Impact
- Shareholders: The significant ownership stake of the Chairman aligns his interests with those of other shareholders, potentially fostering long-term value creation.
- Employees: No direct impact mentioned, but changes in leadership and ownership can influence corporate strategy and culture over time.
Next Steps
- Morgan Lee Lekstrom may formulate future plans or proposals regarding Streamex Corp.'s corporate activities.
Key Dates
| Date | Description |
|---|---|
| May 23, 2025 | Date of the Share Purchase Agreement (SPA). |
| May 27, 2025 | Date of the Exchange Rights Agreement and filing of Form 8-K referencing the SPA and Exchange Rights Agreement. |
| May 28, 2025 | Effective date of Anthony Amato's resignation as CEO, President, and Chairman, and Morgan Lekstrom's appointment as Chairman. |
| November 3, 2025 | Date used for calculating the 147,948,182 shares of Common Stock issued and outstanding. |
| November 4, 2025 | Date the Company received stockholder approval of the Share Exchange. |
| November 10, 2025 | Date of filing signature for this Schedule 13D. |
Keywords
Streamex Corp, Morgan Lekstrom, Schedule 13D, beneficial ownership, Chairman, acquisition, common stock, exchangeable shares, corporate governance
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