Upexi Announces Pricing of $7.4 Million Registered Direct Offering With a Single Institutional Investor

Core Viewpoint - Upexi, Inc. has entered into a definitive agreement for a registered direct offering of common stock and warrants, aiming to raise capital for working purposes and its SOL maximum return strategy [1][2]. Group 1: Offering Details - The company will sell and issue 6,337,000 shares of common stock and warrants at a combined offering price of $1.17 per share [1]. - The warrants have an exercise price of $1.50 per share, are immediately exercisable, and will expire five years after issuance [1]. - The closing of the offering is expected around February 9, 2026, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital, general corporate purposes, and the company's internally managed SOL maximum return strategy [2]. Group 3: Amendment of Existing Warrants - The company has agreed to amend existing warrants for 3,289,474 shares, reducing the exercise price from $4.00 to $2.83 per share and lowering the redemption price trigger from $8.50 to $7.00 per share [3]. Group 4: Company Overview - Upexi, Inc. is a digital asset treasury company focused on acquiring and holding Solana (SOL), currently holding over two million SOL [6]. - The company employs strategies such as intelligent capital issuance, staking, and discounted locked token purchases to enhance value [6]. - Upexi also operates as a brand owner in the development, manufacturing, and distribution of consumer products [6].