06/24/2026 | Press release | Distributed by Public on 06/24/2026 14:37
Upexi, Inc. Announces Pricing of ~$19.5 Million Private Placement of Common Stock
Issues Equity Priced at ~ $1.60
TAMPA, FL., June 22, 2026 -- Upexi, Inc. (NASDAQ: UPXI) ("Upexi" or the "Company"), a leading Solana-focused digital asset treasury company and consumer brands owner, announced that it has entered into a securities purchase agreement with an existing accredited investor for the purchase and sale of 12,242,300 shares of common stock (or pre-funded warrants in lieu thereof) at a price of approximately $1.60 per share in the form of the reduction of existing debt in the approximate amount of $19.5 million, before deducting legal and other offering fees. There was no placement agent used in connection with the offering.
The offer and sale of the foregoing securities is being made in a private placement in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and/or Regulation D promulgated thereunder, or applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.