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X @Wu Blockchain
Wu Blockchain· 2025-07-29 22:00
Funding & Capital - BTCS Inc plans to raise up to $2 billion through ATM offerings, convertible notes, and warrants [1] Use of Proceeds - The company intends to use the net proceeds to expand ETH reserves [1] - Proceeds will also support working capital and other general corporate purposes [1]
Upexi Announces Closing of $50 Million Private Placement Equity Offering
Globenewswire· 2025-07-15 12:36
Core Insights - Upexi, Inc. has successfully closed a private placement equity offering of 12,457,186 shares of common stock at a price of $4.00 per share, generating approximately $50 million in gross proceeds before expenses [1][2] Group 1: Equity Offering Details - The equity offering involved accredited investors, qualified purchasers, and institutional investors, including the CEO and a director of the company [1] - The shares were sold at a price of $4.00 per share, with management and board participation priced at $4.94 per share [1] - A.G.P./Alliance Global Partners acted as the sole placement agent for the offering [3] Group 2: Use of Proceeds - Proceeds from the equity offering will be used to cover placement agent fees and offering-related expenses, support general working capital needs, and advance the company's Solana treasury strategy [2] Group 3: Future Offerings - The company anticipates closing a previously disclosed $150 million convertible notes offering in exchange for Solana on or about July 16, 2025 [2]