Upexi (NASDAQ: UPXI) announced a securities purchase agreement with an existing institutional investor to issue 12,242,300 shares of common stock (or pre-funded warrants) at approximately $1.60 per share. The total private placement financing is approximately $19.5 million, and the new funds will be used to repay existing debts and continue to increase the strategic reserve of SOL assets. As a digital asset financial company focused on Solana, Upexi currently holds approximately 2.4 million SOL.

SOL-0.13%
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MoonlightDisconnectSwitch
· 7h ago
Debt swapped for SOL, Web2 companies are playing with crypto leverage.
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GaslightPoet
· 9h ago
A “knife” issuance of 1.6, holding 2.4 million SOL—this move feels oddly familiar, huh?
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AirdropSideQuest
· 10h ago
From selling software to hoarding SOL, that's quite a transformation leap.
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StainedGlassSolarArray
· 10h ago
Solana reserve concept +1, but whether the stock price can follow the rise is another story.
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ChillBlock
· 10h ago
Issuing new shares to hoard coins, are Americans also starting to learn from MicroStrategy?
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GovernanceMoodboard
· 10h ago
Bought SOL for $19.5 million, Upexi's cost basis is quite favorable.
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