BIOSIG TECHNOLOGIES (BSGM)A medical technology company that recently just out of a merger with the Streamex tokenization firm (RWAS) such as gold and other basic products.
Capital increase includes $ 100 million in Senior Safe Convertible Obligations and a capital credit line of $ 1 billion. Obligations accumulate 4% interests and are convertible into common actions, giving the holders the rights to a considerable capital position. According to the capital credit line, the company can issue new shares and sell up to $ 1 billion of ordinary shares to investors for 36 months.
BSGM shares fell up to 43% to $ 6.54 on Tuesday after the announcement, perhaps about concerns about the potential dilution of shareholders. The price was later stabilized around $ 9, 20% less during the day. The company’s market capitalization is approximately $ 1 billion at current prices, according to Yahoo finance data. Even so, it has increased approximately 600% since the two companies announced their fusion on May 5.
Gold Treasury Strategy
A series of companies have recently said that they are turning to a cryptographic treasury strategy, raising capital selling shares and issuing debt and investing in tokens such as Bitcoins such as Bitcoin
and the ethereum ether (Eth).
Biosig is adopting a different approach. The fused entity is positioning itself as a gold treasure company while betting on the red -lived tokenization trend. It is projected that the tokenized assets, or traditional instruments, such as actions, funds and basic products in the Blockchain rails, will become a multillman market in the coming years, said reports of BCG, McKinsey and Standard Chartered.
The company plans to keep physical gold through a first -class bullion bench and call much of its balance in the yellow metal instead of the fiduciary currency.
Meanwhile, Streamex plans to broadcast tokens backed by gold and other products through its Solana -based platform (SUN) Blockchain.
“By combining the value of physical gold with Blockchain innovation, we are building a company based on what we believe is the most reliable value store in the world while allowing a scalable and high -performance business model through tokenization,” said the Biosig CEO and Streamex co -founder, Henry McPhie, in a statement.
“Our mission is to unlock liquidity, transparency and market accessibility of $ 142 billion of basic products, and this milestone is just the beginning,” he added.
Read more: Gold Tokenized arises above $ 2b of market capitalization as fears of spark safe Haven trade fees
