Solana Treasury Company Upexi to Raise $7.4 Million Through Private Placement

Odaily News Nasdaq-listed Solana treasury company Upexi announced that it has entered into a definitive agreement with an institutional investor to sell and issue 6,337,000 shares of its common stock and warrants at a price of $1.17 per share, raising $7.4 million. The net proceeds from this offering will be used for working capital, general corporate purposes, and expanding its SOL token investment strategy. AGP/Alliance Global Partners acted as the sole placement agent for this common stock and warrant offering. (Globenewswire)