---
title: "Upexi Retires $19.5M of Note via Private Placement of Stock and Pre-Funded Warrants"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290738341.md"
description: "Upexi retired $19.54 million of its 2028 secured convertible note through a private placement with an existing institutional investor. The company issued 5.25 million common shares and pre-funded warrants for nearly 7 million shares at approximately $1.60 per share. This transaction reduced the note balance to $16.42 million, aiming to reduce debt and enhance capital flexibility."
datetime: "2026-06-24T20:43:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290738341.md)
  - [en](https://longbridge.com/en/news/290738341.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290738341.md)
generator: "portal-rs"
---

# Upexi Retires $19.5M of Note via Private Placement of Stock and Pre-Funded Warrants

Upexi entered into a Securities Purchase Agreement with an existing institutional investor to exchange equity for debt reduction. The company issued 5,250,000 common shares at $1.59652 and pre-funded warrants for 6,992,300 shares at $1.59631, for an aggregate $19,542,634.54. The price was paid by retiring an equal amount of principal under a 2028 secured convertible note, reducing the balance to $16.42 million. Upexi will file a resale registration for the shares and warrant shares within 30 days, subject to ownership limits.

**Agreement details:**

-   **Agreement type**: Securities Purchase Agreement for private placement of common stock and pre-funded warrants
-   **Counterparty**: Existing Institutional Investor
-   **Signed / Effective**: Jun 21 2026 / same
-   **Reason**: Reduce debt and enhance capital flexibility

Original SEC Filing: UPEXI, INC. \[ UPXI \] - 8-K - Jun. 24, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**