Streamex Corp. Clarifies and Refutes Inaccurate Claims Regarding Lock-Up Agreements; Co-Founders Morgan Lekstrom & Henry McPhie Enter into Voluntary 1 Year Lock-Up Agreements
MWN-AI** Summary
Streamex Corp. (NASDAQ: STEX), a company specializing in the tokenization and digitalization of real-world commodities, has issued a statement to correct misinformation regarding lock-up agreements that surfaced on March 23, 2026. The company refuted claims made by third-party sources, such as S&P Capital IQ and MarketScreener, which inaccurately stated that a significant number of shares—89,833,535—held by executives and directors were subject to lock-up agreements expiring on March 24, 2026.
Streamex clarified that, contrary to the reports, only 42,887,599 shares—including 21,014,450 shares held by Co-Founder and CEO Henry McPhie and 20,707,421 shares held by Co-Founder and Executive Chairman Morgan Lekstrom—were under customary 60-day lock-up agreements initiated on January 22, 2026, pertaining to financing completed on January 26, 2026. The executives firmly stated that none of the involved parties held options, warrants, or other convertible securities subject to any lock-up.
In a proactive measure, McPhie and Lekstrom recently entered into voluntary one-year lock-up agreements, demonstrating their commitment to the company and its shareholders by agreeing not to sell or transfer their shares without prior consent from the company.
In their joint statement, the co-founders emphasized that they remain aligned with Streamex’s long-term vision and are confident in the company’s strong financial position and the upcoming launch of their new product, GLDY. They highlighted that misinformation about lock-up agreements can hinder investor confidence and reaffirmed their commitment to openness as part of their ongoing relationship with stakeholders. For additional information, interested parties can visit the company’s website at www.streamex.com.
MWN-AI** Analysis
Streamex Corp. (NASDAQ: STEX) has recently addressed misleading claims regarding its lock-up agreements, asserting its commitment to transparency and market integrity. This response comes against the backdrop of their recent financing efforts and the launch of their product, GLDY, which aims to enhance the tokenization of real-world assets.
The clarification of their lock-up agreements is critical, particularly because the company’s largest shareholders, co-founders Morgan Lekstrom and Henry McPhie, have voluntarily committed to a one-year lock-up. This strategic decision reflects confidence in Streamex's long-term prospects, especially given their solid capital position and ongoing initiatives. Investors should view this as a positive signal; management's alignment with shareholder interests often instills investor trust and stability.
Moreover, the company’s statement underscores that all shares issued in their latest offering are freely tradable, which diversifies the liquidity of the stock and mitigates immediate sell pressure reminiscent of typical lock-up scenarios. It is also important to note that the volume of shares under lock-up is substantially lower than the amount initially reported, suggesting that the market may have overreacted to the misinformation prevailing before the company issued its clarifications.
As Streamex advances with its strategic roadmap, including significant developments in their technology and infrastructure offerings, investors should consider entering positions, particularly if the price stabilizes post-clarification. The current price volatility resulting from misconceptions may present a buying opportunity for those looking to capitalize on the company's long-term growth trajectory.
In summary, with a fortified balance sheet and strong leadership commitment, Streamex appears poised for growth. Investors should monitor market conditions closely while evaluating the potential upside as the company executes on its forthcoming initiatives.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
WINTER PARK, Fla., March 27, 2026 (GLOBE NEWSWIRE) -- Streamex Corp. (“Streamex” or the “Company”) (NASDAQ: STEX) today issued a statement to clarify and formally refute a series of third-party posts attributed to S&P Capital IQ and displayed on MarketScreener on March 23, 2026, which referenced the purported expiration on March 24, 2026 of certain lock-up agreements.
The Company has determined that the information contained in these posts is materially inaccurate and misleading. Specifically, the referenced aggregate total of 89,833,535 shares of common stock allegedly subject to lock-up agreements and held by executive officers, directors, and certain other security holders in connection with the January 26, 2026 financing is incorrect. The Company confirms that none of its executive officers, directors, or other referenced security holders held warrants, options, preferred stock, or other securities subject to such lock-up agreements as described in the posts.
For clarity, certain directors and officers of the Company entered into customary 60-day lock-up agreements on January 22, 2026 in connection with the January 26, 2026 financing. The total number of shares subject to these lock-ups was 42,887,599 shares, consisting of 21,014,450 shares held by Co-Founder and Chief Executive Officer Henry McPhie and 20,707,421 shares held by Co-Founder and Executive Chairman Morgan Lekstrom. None of the individuals subject to these agreements held options, warrants, or Series C convertible preferred stock; accordingly, no such securities were subject to the lock-up agreements.
The January 26, 2026, financing was conducted as a confidentially marketed public offering. All shares issued in connection with this offering were freely tradable upon closing and were not subject to any lock-up restrictions.
Furthermore, on March 26, 2026, Morgan Lekstrom and Henry McPhie, as co-founders and the Company’s largest shareholders, voluntarily entered into new lock-up agreements (the “Lock-Up Parties”). Pursuant to these agreements, the Lock-Up Parties have agreed not to sell, transfer, or otherwise dispose of any shares of common stock of the Company, or securities convertible into, exchangeable for, or exercisable for common stock, for a period of one year from the date of the agreement without the prior written consent of the Company.
“Misinformation contained in recent third-party publications is false, and the Company refutes these statements,” said Morgan Lekstrom and Henry McPhie in a joint statement. “We believe the Company is well positioned, supported by significant capital on its balance sheet and the ongoing successful launch of GLDY with many near term catalysts expected in the pipeline. As co-founders and the Company’s largest shareholders, we are fully aligned with Streamex’s long-term vision and strategy. Our decision to enter into voluntary one-year lock-up agreements reflects our continued commitment to the Company and its shareholders.”
About Streamex Corp.
Streamex Corp. (NASDAQ: STEX) is a technology and infrastructure company focused on the tokenization and digitalization of commodity real-world assets. Streamex delivers institutional-grade solutions that bridge traditional finance and blockchain-enabled markets through secure, regulated, and yield-bearing financial instruments.
For more information, visit www.streamex.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Streamex’s business strategy, future growth, product development, and liquidity initiatives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond Streamex’s control, and actual results may differ materially. Factors that could cause such differences include, among others, market conditions, regulatory developments, and macroeconomic factors affecting digital asset markets. A discussion of these and other factors, including risks and uncertainties with respect to Streamex, is set forth in Streamex's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, as may be supplemented or updated by Streamex's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as discussions of potential risks, uncertainties, and other important factors included in other filings by Streamex from time to time. Streamex undertakes no obligation to update or revise any forward-looking statements except as required by applicable law.
Contacts
Streamex Press & Investor Relations
Adele Carey – Alliance Advisors Investor Relations
IR@streamex.com | acarey@allianceadvisors.com
Henry McPhie
Chief Executive Officer, Streamex Corp.
www.streamex.com | X.com/streamex
FAQ**
How does the clarification from Streamex Corp. STEX regarding the lock-up agreements impact investor confidence in the company's stock following the misinformation spread by third parties?
What are the potential effects of the new voluntary one-year lock-up agreements on the share price and trading volume of Streamex Corp. STEX in the coming months?
Can you detail the strategic advantages that Streamex Corp. STEX expects to gain from its focus on tokenization and digitalization of commodity real-world assets?
How does the company's leadership, particularly Morgan Lekstrom and Henry McPhie, plan to leverage their substantial shareholdings to enhance corporate governance at Streamex Corp. STEX?
**MWN-AI FAQ is based on asking OpenAI questions about Streamex Corp. (NASDAQ: STEX).
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