BioSig Technologies Shifts to Blockchain with Streamex Merger

Published 2 hours agoBSGM

BioSig Technologies Shifts to Blockchain with Streamex Merger

BioSig Technologies, Inc. has announced plans to merge with Streamex Exchange Corporation, marking a significant shift from its traditional focus on medical technology to the burgeoning field of blockchain and digital asset tokenization. This move is underscored by a Letter of Intent (LOI) for an all-stock merger aimed at creating a publicly listed real-world asset (RWA) tokenization company on the Nasdaq, as noted on BioSig's official website.

Following the transaction, Streamex's shareholders are expected to hold about 75% of the combined company's stock, while current BioSig stakeholders will retain the rest. Leadership changes are also on the horizon, with Henry McPhie, Co-Founder and CEO of Streamex, stepping in as the new CEO of the merged entity, and other key appointments lined up. This strategic realignment is supported by a team of strategic advisors who bring their expertise in commodities and U.S. capital markets.

Despite the strategic rationale behind the merger, the market's response was initially negative, with BioSig's stock experiencing an 11.72% drop in pre-market trading on May 6, 2025, according to Ainvest. This reaction highlights investor uncertainty as BioSig navigates its new strategic direction, focusing on leveraging blockchain technology to enhance liquidity and efficiency in the commodity markets.

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