Biosig Technologies (BSGM)A medical technology company Fresh a merger with a Stremex tokenization company, said it has signed final agreements for up to $ 1.1 billion to finance a gold attached treasury model and put its tokenization platform for active active platform (Rwas) like gold and other products.
The capital increase includes 100 million dollars in convertible debentures guaranteed for seniors and a line of equity credit of $ 1 billion. Debunts accumulate interests of 4% and are convertible into ordinary shares, giving holders the rights to an important equity position. Under the equity credit line, the company may issue new shares and sell up to $ 1 billion in investors’ ordinary shares for 36 months.
BSGM shares plunged up to $ 43% on Tuesday after the announcement, perhaps on concerns about the potential shareholder dilution. The price stabilized later around $ 9, down 20% during the day. The company’s market capitalization is around $ 1 billion at current prices, according to Yahoo Finance data. However, it has increased by around 600% since the two companies announced their merger on May 5.
Gold cash strategy
A multitude of companies recently declared that they rotate a cryptographic cash strategy, rising capital by selling actions and emitting debt and investing in tokens like Bitcoin
And Etherum ether (Eth).
Biosig adopts a different approach. The merged entity is positioned as a gold cash company while betting on the trend for red tokenization. Tokenized assets, or traditional instruments such as actions, funds and raw materials on blockchain rails, should become a market of several dollars in the coming years, according to BCG, McKinsey and Standard Chartered reports.
The company plans to maintain physical gold via a high -level branch bank and name a large part of its assessment in yellow metal rather than fiduciary currency.
Meanwhile, Stremex plans to issue gold-supported tokens and other products via its platform built on Solana (GROUND) Blockchain.
“By combining the value of physical gold with the innovation of blockchain, we build a company based on what we believe to be the most reliable value store in the world while allowing an evolutionary and high -performance business model through tokenization,” said the CEO and co -founder of Biosig Streamex, Henry McPhie in a press release.
“Our mission is to unlock liquidity, transparency and accessibility on the raw materials market of 142 billions of dollars, and this step is just the start,” he added.
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