BioSig Technologies Inc (NASDAQ:BSGM), which recently completed its merger with Streamex Exchange Corp, announced on Monday that it has secured agreements to raise up to $1.1 billion to advance its gold-backed investment approach and integrate tangible assets such as commodities into the blockchain ecosystem.
The financing package consists of $100 million in convertible notes and a $1 billion equity credit facility. The initial tranche, valued at $75 million, is anticipated to close by October, subject to approvals from shareholders and regulators.
BioSig intends to allocate these funds to acquire substantial quantities of physical gold, which will then be tokenized to enable trading on the blockchain.
The company believes this fusion of precious metals and digital innovation could unlock fresh investment opportunities for both retail and institutional investors interested in gold and other commodities.
BioSig stated that this strategy positions it to become one of Nasdaq’s largest publicly traded gold holders and a frontrunner in the emerging sector of blockchain assets backed by real-world commodities.
Shares closed Monday at $11.55, marking an 11% gain and a two-year peak. In after-hours trading, the stock jumped 38.6% to $16.01.