Upexi, Inc. announced a private placement offering of 3,289,474 shares of common stock and warrants.
The Offering is priced above the at-the-market price under Nasdaq rules.
The Company expects to receive gross proceeds of approximately $10 million with up to an additional $13 million following the cash exercise of the warrants.
Offering Details
3,289,474 shares of common stock and warrants priced at $3.04 per share with an exercise price of $4.00.
Expected Gross Proceeds
Approximately $10 million upfront with potential additional $13 million after warrant exercises.
Placement Agent
A.G.P./Alliance Global Partners acts as the sole placement agent for the Offering.
- The purchase is accretive to the Company's adjusted Solana per share.
- Company plans to use the net proceeds for working capital, general corporate purposes, and internally managed strategies.
Upexi, Inc.'s private placement offering is strategically priced to generate substantial gross proceeds, boosting the company's funding for future endeavors.