Solana Treasury Company Upexi to raise $7.4 million through a rights offering

Odaily Planet Daily reports that Upexi, a Nasdaq-listed Solana treasury company, announced that it has reached a final agreement with an institutional investor to sell and issue 6,337,000 common shares and warrants at a price of $1.17 per share, raising a total of $7.4 million. The net proceeds from this offering will be used for working capital, general corporate purposes, and to expand its SOL token investment strategy. AGP/Alliance Global Partners will serve as the sole placement agent for the common shares and warrants. (Globenewswire)