Upexi Inc. Announces $23 Million Private Placement of Shares and Warrants
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Upexi Inc. announced a $23 million private placement of common stock and warrants with a single institutional investor. The offering includes 3,289,474 shares and warrants at a $4.00 exercise price. Upexi expects $10 million upfront, with a potential $13 million from warrant exercises. Proceeds will support working capital, corporate purposes, and Upexi’s SOL strategy. A.G.P./Alliance Global Partners is the sole placement agent. The transaction is not a public offering and is initially unregistered under the Securities Act.
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