Upexi to Raise $100M via Private Placement Priced Above Last Market Closing Price
DENVER, Colo., Apr 21, 2025 (247marketnews.com)- Upexi (NASDAQ:UPXI) is raising $100 million via a private placement, in which the Company will sell 43,859,649 shares (or pre-funded warrants) at $2.28 per share, priced above the latest Nasdaq closing price. Led by GSR, the offering includes major crypto venture capital firms like Big Brain, Anagram, Delphi Ventures, and others, as well as prominent angels, including Upexi CEO Allan Marshall.
The transaction is expected to close around April 24, 2025, pending standard conditions. Upexi plans to allocate $5.3 million for working capital and debt reduction, with the remainder funding Solana treasury operations and Solana accumulation. A.G.P./Alliance Global Partners serves as the sole placement agent.
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