Upexi (NASDAQ: UPXI) announced a securities purchase agreement with existing institutional investors to issue 12,242,300 shares of common stock (or pre-funded warrants) at approximately $1.60 per share. The total private placement financing is approximately $19.5 million, and the new funds will be used to repay existing debt and continue to increase the strategic reserve of SOL assets. As a digital asset financial company focused on Solana, Upexi currently holds approximately 2.4 million SOL.

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