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Investing.com -- BioSig Technologies, Inc. (NASDAQ:BSGM) stock surged 27% on Tuesday after the company announced definitive agreements for up to $1.1 billion in growth financing to launch a gold-backed treasury management strategy.
The financing package includes $100 million in senior secured convertible debentures and a $1 billion equity line of credit. The transaction positions BioSig to become one of Nasdaq’s largest public holders of gold bullion following its recent merger with Streamex Exchange Corporation.
The initial offering of $75 million in convertible debentures and the equity line of credit is expected to close around October 7, 2025, subject to shareholder approvals and customary closing conditions. The remaining $25 million in debentures will close pending additional conditions, including the effectiveness of a resale registration statement.
"This financing marks a pivotal moment not only for Streamex and BioSig, but for the evolution of global financial markets," said Henry McPhie, BioSig CEO and Streamex Co-Founder. "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."
The company plans to use Streamex’s proprietary real-world asset platform to bring the approximately $142 trillion commodities market onto the blockchain, powered by Streamex and Solana. BioSig intends to hold significant quantities of gold bullion secured through allocated vaulting with a top-tier bullion bank.
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