Streamex Officially Refutes S&P Capital IQ Lock-Up Agreement Rumors
Streamex 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, which referenced the purported expiration on March 24 of certain lock-up agreements. The company said, "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. 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."
