Director Lekstrom Morgan Lee, identified as a ten percent owner of Streamex Corp (NASDAQ:STEX), acquired 2,500 shares of the company's common stock on January 29, 2026. The shares were bought at $3.70 per share, for a total outlay of $9,250.
After this transaction, Lekstrom Morgan Lee holds 79,000 shares indirectly through All Mine Consulting Ltd, an entity over which he maintains voting and dispositive control. The $3.70 purchase price was above the current trading price of $3.45 at the time reported, and sits well below at least one analyst projection that pegs a price target of $12.00.
Market performance around the purchase shows recent strength in the equity. According to InvestingPro data, Streamex shares returned 9.25% over the prior week and have produced a 297.48% gain over the last 12 months. InvestingPro also flags Streamex as overvalued under its Fair Value model while calling attention to the company’s liquidity considerations and growth prospects.
These insider moves coincide with several significant financing and governance developments for Streamex. The company completed a public offering that raised approximately $35 million by selling 11,666,667 shares at $3.00 per share. Underwriters were granted a 30-day option to purchase an additional 1,750,000 shares at the same $3.00 per share price.
Separately, Streamex announced its intention to prepay $50 million in convertible debt. That prepayment includes a 10% premium and provides the debt holder a 10-day window to convert the debt into equity before the prepayment is executed. The company had initially indicated the offering was subject to market conditions, and Needham & Company and Siebert acted as joint book-running managers for the offering.
On the corporate governance front, shareholders at the 2025 annual meeting approved director elections and amendments to the company’s incentive plan. As part of those elections, Morgan Lekstrom and Karl Henry McPhie were elected as Class I board members, with terms running until the 2028 annual meeting.
Taken together, the insider purchase, the completed equity offering, the convertible debt prepayment plan, and the board elections illustrate Streamex’s active management of capital structure and governance. The director purchase provides a modest vote of confidence from a sizable shareholder, while the financing moves are aimed at addressing near-term liquidity and debt considerations identified by third-party models.
Analysts and proprietary models cited in available data present contrasting signals: pronounced historical equity gains and an analyst price target that implies meaningful upside, balanced against a proprietary fair value assessment that categorizes the stock as overvalued and highlights liquidity and growth uncertainties.