Upexi Signs Multiple Material Agreements

Upexi entered a series of financing agreements with Hivemind Validation Master Fund centered on a secured convertible note funded by locked Solana. The Securities Purchase Agreement sets the framework for issuing the note in exchange for 265,500 SOL via assignment of beneficial and economic ownership. The approximately $36 million note carries 1.0% annual interest, matures on January 9, 2028, and is convertible at a fixed price of $2.39 per share, with potential forced conversion under specified conditions. A separate Security Agreement grants a first-priority lien over the contributed digital assets and establishes custody and control protections. Management expects the structure to bolster the Solana treasury and provide flexible, low-cost financing.Agreement 1: Upexi Signs Securities Purchase Agreement With Hivemind Validation Master FundAgreement type: Securities Purchase Agreement for secured convertible noteCounterparty: Hivemind Validation Master FundSigned / Effective: Jan 09 2026 / sameReason: Enhance treasury and financing flexibilityAgreement 2: Upexi Signs Secured Convertible Promissory Note With Hivemind Validation Master FundAgreement type: Secured convertible promissory noteCounterparty: Hivemind Validation Master FundSigned / Effective: Jan 09 2026 / sameDuration / Termination: 2 yearsReason: Access low-cost capital with equity conversion optionAgreement 3: Upexi Signs Security Agreement With Hivemind Validation Master FundAgreement type: First-priority security agreement over digital assetsCounterparty: Hivemind Validation Master FundSigned / Effective: Jan 09 2026 / sameDuration / Termination: Coterminous with noteReason: Secure obligations under the noteOriginal SEC Filing: UPEXI, INC. [ UPXI ] - 8-K - Jan. 14, 2026DisclaimerThis 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.