Nasdaq-listed Solana treasury company Upexi said it has signed a securities purchase agreement to raise $19.5 million through a private placement.
According to ChainCatcher, the company plans to sell about 12.24 million shares of common stock, or the equivalent in pre-funded warrants, at an issuance price of about $1.6 per share.
Upexi said it intends to use the proceeds to repay existing debt and to continue increasing its strategic reserve of SOL assets.
Upexi Raises $19.5 Million in Private Placement to Repay Debt and Increase Solana Holdings
2026-06-22 13:05:15
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