According to Deep Tide TechFlow news, on November 26, Upexi, Inc. ( NASDAQ: UPXI ) announced a securities purchase agreement with a single institutional investor to issue approximately 3.29 million shares of common stock and an equal number of warrants at a price of $3.04 per share, with a warrant exercise price of $4.00, valid for 48 months. The price of this private sale is higher than the market price under NASDAQ market rules.
The company expects to initially raise approximately 10 million USD, and if all warrants are exercised, it will additionally receive 13 million USD. The transaction is expected to be completed on December 1, and the raised funds will be used for working capital, general corporate purposes, and the Solana maximum return strategy.
As a digital asset company focused on Solana, Upexi currently holds over 2 million SOL and creates value through three main mechanisms: smart capital issuance, staking, and discounted token purchases.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Solana Reclaims $90 as Golden Cross Signals Renewed Momentum
Solana has surpassed the $90 resistance, aided by a golden cross indicating positive momentum, despite low trading volume. Strong on-chain growth supports price stability, and sustained support above $89.50 could push Solana towards $96, though higher volume is crucial for confirming a breakout.
CryptoNewsLand1h ago
Solana Activity Surges Past Rivals as SOL Price Lags Below $100
Key Insights
Solana processes over 100 million daily transactions and $650 billion in monthly stablecoin volume, outpacing major blockchain networks in activity metrics.
Institutional demand strengthens as spot Solana ETFs attract up to $1.5 billion in inflows, with growing participation
CryptoFrontNews2h ago
Bitcoin, Ethereum, and Solana ETFs Report Mixed Flow Data on March 26
Gate News bot message, according to the March 26 update, Bitcoin ETFs recorded a 1-day net inflow of +86 BTC (+$5.92M), while showing a 7-day net outflow of -898 BTC (-$61.97M). Ethereum ETFs experienced a 1-day net outflow of -4,439 ETH (-$9.17M) and a 7-day net outflow of -121,318 ETH (-$250.64M).
GateNews5h ago
