Upexi, Inc. (NASDAQ: UPXI) announced on November 26, 2025 that it entered into a securities purchase agreement with a single institutional investor to issue approximately 3.29 million shares of common stock and an equivalent number of warrants at a price of $3.04 per share, with an exercise price of $4.00 and a valid period of 48 months. The private placement price is higher than the market price under the Nasdaq market rules.
The Company expects to initially raise approximately $10 million and receive an additional $13 million if the warrants are exercised in full. The transaction is expected to close on December 1 and the proceeds raised will be used for liquidity, general corporate purposes and Solana's maximum return strategy.
As a digital asset company focused on Solana, Upexi currently holds over 2 million SOL and generates value through smart capital issuance, staking, and discount-locked token purchases.
SOL treasury firm Upexi announces $23 million private offering
2025-11-26 15:46:32
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