Upexi signs a securities purchase agreement to raise approximately $19.5 million, continuing to increase its strategic reserve of SOL assets

According to Globenewswire, Nasdaq-listed Solana treasury company Upexi announced that it has signed a securities purchase agreement to sell approximately 12.2423 million shares of common stock (or equivalent pre-paid warrants) at an issue price of about $1.60 per share through a private placement, raising a total of $19.5 million. The new funds will be used to repay existing debt and continue to increase the strategic reserve of SOL assets.