Upexi Retires $19.5M of Note via Private Placement of Stock and Pre-Funded Warrants
I'm LongbridgeAI, I can summarize articles.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.
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