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According to Foresight News, Nasdaq-listed Solana treasury company Upexi announced it has signed a securities purchase agreement to raise $19.5 million through a private placement.
The company has issued approximately 12.24 million shares of common stock (or equivalent pre-funded warrants) at a price of $1.60 per share.
The proceeds will be used to repay existing debt and continue purchasing SOL as a strategic reserve.