Upexi Completes $200 Million Private Funding and Plans to Further Increase Its Stake in Solana

Upexi (NASDAQ: UPXI), a US-listed company, announced the completion of a total of $200 million in private placement financing, including approximately $50 million in common stock and $150 million in convertible notes. The company said that part of the funds will be used to expand existing businesses, and the rest will be used to increase Solana assets. Common stock was issued at $4 per share, and CEO Allan Marshall subscribed for $4.94 per share, which is expected to be delivered on July 14. The convertible notes have an annual interest rate of 2% and a fixed conversion price of $4.25 per share. They are supported by investors pledging SOL and are expected to be delivered on July 16. The note financing was led by Big Brain Holdings. After the financing is completed, Upexi's Solana holdings will increase to approximately 1.65 million, more than double the previous 736,000. The company plans to continue to increase its holdings of SOL with equity financing proceeds in the coming weeks. A.G.P./Alliance Global Partners served as the exclusive private placement agent for this round of financing.