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>>Upexi sets a price of up to $23 million for its private placement, as Solana treasury exposure creates additional market pressure.

Upexi sets a price of up to $23 million for its private placement, as Solana treasury exposure creates additional market pressure.

crypthub

about 1 hour ago

Financing Plan

Upexi, a Nasdaq‑listed firm focused on Solana, is launching a private placement to raise up to $23 million. The capital raise aims to bolster its balance sheet amid a prolonged crypto market downturn. Proceeds will support the company’s long‑term Solana‑centric strategy and improve liquidity. The new securities will be registered with the SEC shortly after closing.

Deal Structure and Funding

The agreement with a single institutional investor covers 3,289,474 shares and matching warrants at a combined $3.04 per unit, above the recent market price. Each warrant has a $4 exercise price and a 48‑month life, allowing the company to receive $10 million immediately and up to $13 million if all warrants are exercised. This structure provides flexibility for future capital inflows and funds operational and portfolio needs.

Solana Treasury and Share Performance

Upexi holds more than 2 million SOL, making it one of the largest public corporate holders, and treats the treasury as a strategic asset during volatility. Management prefers internal management of the treasury to maximize returns rather than outsource it. The stock has slid over 43 % in the past month, trading around $2.78 after a multi‑week decline, reflecting weak sentiment and reduced risk appetite.

Upexi sets a price of up to $23 million for its private placement, as Solana treasury exposure creates additional market pressure.

Financing Plan

Deal Structure and Funding

Solana Treasury and Share Performance

Upexi sets a price of up to $23 million for its private placement, as Solana treasury exposure creates additional market pressure.