Upexi signs securities purchase agreement to raise approximately $19.5 million, continuing to increase strategic SOL asset reserves

Odaily reports that Upexi, a Nasdaq-listed Solana treasury company, has announced the signing of a securities purchase agreement to sell approximately 12,242,300 shares of common stock (or equivalent pre-funded warrants) at an issuance price of around $1.60 per share through a private placement, raising a total of $19.5 million. The new funds will be used to repay existing debts and continue to increase strategic SOL asset reserves. (Globenewswire)