Upexi Signs Securities Purchase Agreement to Raise Approximately $19.5 Million, Continuing to Increase Strategic SOL Asset Reserves

Odaily reports that Nasdaq-listed Solana treasury company Upexi has announced the signing of a securities purchase agreement. Through a private placement, it will sell approximately 12.2423 million shares of common stock (or equivalent pre-funded warrants) at an offering price of about $1.60 per share, raising a total of $19.5 million. The new funds will be used to repay existing debts and continue to increase the strategic reserve of SOL assets. (Globenewswire)