Upexi, Inc., a leading Solana-focused digital asset treasury company and consumer brands owner, closed a private placement offering of common stock and warrants.
The Offering generated approximately $10 million in aggregate gross proceeds, with the potential for an additional $13 million from the exercise of warrants.
The net proceeds will be used for working capital, general corporate purposes, and the internally managed SOL maximum return strategy.
Private Placement Offering
Closed private placement offering of 3,289,474 shares of common stock and warrants.
Gross Proceeds
Approximately $10 million generated, with potential for additional $13 million from warrants.
Use of Proceeds
Intended for working capital, general corporate purposes, and SOL maximum return strategy.
- The Offering provides Upexi with significant capital to support its operations and growth strategies.
- The focus on Solana and digital assets aligns with the Company's core mission and strategic initiatives.
Upexi's successful closing of the private placement offering positions the company for future growth and strategic investments in digital assets and consumer brands.