Upexi, Inc. Announces Closing of up to $23 Million Private Placement Common Stock and Warrants Offering

Core Viewpoint - Upexi, Inc. has successfully closed a private placement offering, raising approximately $10 million, with potential additional proceeds of around $13 million from warrant exercises, aimed at enhancing its digital asset treasury strategy focused on Solana [1][5]. Group 1: Offering Details - The private placement involved 3,289,474 shares of common stock and warrants to purchase an equal number of shares at a combined purchase price of $3.04 [1]. - The total gross proceeds from the offering are approximately $10 million, with the potential for an additional $13 million from the exercise of warrants [1]. - The net proceeds will be utilized for working capital, general corporate purposes, and the company's internally managed SOL maximum return strategy [1]. Group 2: Company Overview - Upexi, Inc. is a leading digital asset treasury company focused on acquiring and holding Solana (SOL) in a disciplined manner [5]. - The company employs three key value accrual mechanisms: intelligent capital issuance, staking, and discounted locked token purchases [5]. - Upexi currently holds over two million SOL and also specializes in the development, manufacturing, and distribution of consumer products [5].