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SOL Treasury company Upexi announces $23 million private placement plan

Upexi, Inc. (NASDAQ: UPXI) announced on November 26, 2025, the signing of a securities purchase agreement with a single institutional investor to issue approximately 3.29 million common shares and an equal number of warrants at a price of $3.04 per share. The warrant exercise price is $4.00, valid for 48 months. This private placement price is higher than the market price under Nasdaq market rules.

The company expects to initially raise about $10 million, and if all warrants are exercised, an additional $13 million will be obtained. The transaction is expected to be completed on December 1, and the funds raised will be used for working capital, general corporate purposes, and Solana's 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 locked token purchases.

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