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Streamex Corp.

For the period ended Sep 30, 2025. Filed Nov 14, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 14, 2025

STEX$0.34+4.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30,2025

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number:001-38659

(Exact name of registrant as specified in its charter)

Delaware26-4333375
(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.)
2431 Aloma Avenue, Suite 243 Winter Park, Florida32792
(Address of principal executive office)(Zip Code)

(203) 409-5444

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareSTEXThe NASDAQ Capital Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of November 13, 2025, there were 39,540,603 shares of the registrant’s common stock, par value $0.001 per share, outstanding.

Exchangeable and Special Voting Shares:

As of November 13, 2025, there were outstanding 109,070,057 exchangeable shares of BST Sub ULC, a wholly owned subsidiary of the registrant. The exchangeable shares are exchangeable for an equal number of the registrant’s common stock, and carry rights substantially equivalent to the Company’s common stock, including rights to dividends, liquidation preferences, and voting (via a Special Voting Preferred Stock held by a trustee).

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
ITEM 1.Financial Statements3
Condensed consolidated balance sheets as of September 30, 2025 (Unaudited) and December 31, 20243
Condensed consolidated statements of operations and Comprehensive Loss for the three and nine months ended September 30, 2025 and 2024 (Unaudited)4
Condensed consolidated statement of changes in stockholders’ (deficit) equity for the three and nine months ended September 30, 2025 and 2024 (Unaudited)5
Condensed consolidated statements of cash flows for the nine months ended September 30, 2025 and 2024 (Unaudited)7
Notes to condensed consolidated financial statements (Unaudited)8-31
ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations32-37
ITEM 3.Quantitative and Qualitative Disclosures about Market Risk38
ITEM 4.Controls and Procedures38
PART II. OTHER INFORMATION
ITEM 1.Legal Proceedings39
ITEM 1A.Risk Factors39
ITEM 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities40
ITEM 3.Defaults Upon Senior Securities41
ITEM 4.Mine Safety Disclosures41
ITEM 5.Other Information41
ITEM 6.Exhibits41
SIGNATURES42
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.