Upexi, Inc. announced a private placement offering of common stock and warrants priced above the at-the-market price under Nasdaq rules, aiming to raise up to $23 million in aggregate gross proceeds.
The offering includes the sale of 3,289,474 shares of common stock and warrants to purchase up to the same number of shares at a combined purchase price of $3.04.
The exercise price of the warrants is set at $4.00 and they will expire 48 months from issuance.
Private Placement Offering
Includes the sale of 3,289,474 shares of common stock and warrants at $3.04 per share.
Gross Proceeds
Expecting approximately $10 million from the offering, with a potential additional $13 million upon warrant exercise.
Use of Proceeds
Intended for working capital, general corporate purposes, and a Solana (SOL) maximum return strategy.
- The $3.04 purchase price represents a 1.3x premium to the Company's NAV using the mNAV calculation.
- The Offering is expected to close around December 1, 2025, subject to customary closing conditions.
Upexi, Inc.'s private placement offering signifies a strategic move to raise capital for further growth and strategic investments in Solana and consumer brands.