Upexi plans to raise $23 million through a private placement to strengthen its SOL treasury strategy
PANews, November 26—According to The Block, Nasdaq-listed company Upexi (UPXI) has announced a private placement of up to $23 million in stocks and warrants to support its core Solana vault strategy. The offering price is $3.04 per share including a warrant, with an initial fundraising of $10 million. If all warrants are exercised, an additional $13 million will be raised. Despite a recent market correction that caused the market value of its SOL holdings to evaporate by over $200 million, Upexi remains committed to a long-term holding strategy and will use the raised funds for general operations and further accumulation of SOL.
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