Upexi, Inc. Announces Pricing of up to $23 Million Private Placement Offering of Common Stock and Warrants Priced above the At-the-Market Price under Nasdaq Rules

Core Points - Upexi, Inc. has entered into a securities purchase agreement with an institutional investor for the sale of 3,289,474 shares of common stock and warrants to purchase an equal number of shares at a combined purchase price of $3.04, which is a 1.3x premium to the Company's NAV [1][2] - The offering is expected to close around December 1, 2025, with gross proceeds of approximately $10 million and potential additional proceeds of up to $13 million from the exercise of the warrants [2] - The funds will be used for working capital, general corporate purposes, and a strategy focused on maximizing returns from Solana (SOL) [2][6] Company Overview - Upexi, Inc. is a digital asset treasury company focused on acquiring and holding Solana (SOL) while also being involved in the development, manufacturing, and distribution of consumer products [6] - The company currently holds over two million SOL and employs strategies such as intelligent capital issuance, staking, and discounted locked token purchases to enhance value [6]