Streamex Corp. (NASDAQ: STEX) Executive Chairman Morgan Lekstrom purchased 20,000 shares of the companys common stock on February 18, 2026. The shares were bought at $2.50 each, bringing the total value of the transaction to $50,000.
After completing this trade, Lekstrom now indirectly owns 122,500 shares of Streamex common stock. Those holdings are held through All Mine Consulting Ltd, an entity for which Lekstrom retains voting and dispositive control.
In parallel with the insider purchase, Streamex disclosed a sequence of financing actions that materially altered its capital structure. The company said it raised $40.25 million in an underwritten public offering, including the full exercise of the underwriters over-allotment option. That transaction contributed to the company reporting approximately $50 million in cash on its balance sheet.
Streamex also completed a separate public offering that generated $35 million before expenses, with shares offered at $3.00 apiece. In addition to the equity offerings, the company prepaid $50 million in secured convertible debentures and canceled its Standby Equity Purchase Agreement with YA II PN, LTD.
On the leadership side, Streamex formalized executive changes. Co-Founder Morgan Lekstrom has been appointed Executive Chairman and added to the companys executive leadership team. The company also named Anthony Marciano, a Clinical Professor of Finance at NYU Stern School of Business, as an independent director on its Board of Directors.
These public disclosures present a clear set of contemporaneous developments for Streamex: an insider equity purchase by the Executive Chairman, significant capital raises through multiple public offerings, the prepayment of secured convertible debt, and updates to the companys board and executive ranks. The filings specify the amounts raised, the price per share in one of the offerings, and the existence of roughly $50 million in cash following the transactions, but do not provide further details on future capital deployment or operational plans.
Summary of the transaction and corporate actions
- Insider purchase: 20,000 shares at $2.50 per share, totaling $50,000.
- Post-transaction indirect ownership: 122,500 shares held via All Mine Consulting Ltd.
- Capital raises: $40.25 million from an underwritten offering with full over-allotment exercise; a separate offering that raised $35 million before expenses at $3.00 per share.
- Debt actions: $50 million in secured convertible debentures prepaid and cancellation of the Standby Equity Purchase Agreement with YA II PN, LTD.
- Leadership changes: Morgan Lekstrom appointed Executive Chairman; Anthony Marciano joins the board as an independent director.