TechFlow news, November 26 — Upexi, Inc. (NASDAQ: UPXI) announced on November 26, 2025, that it has entered into a securities purchase agreement with a single institutional investor to issue approximately 3.29 million shares of common stock and a corresponding number of warrants at a purchase price of $3.04 per share. The warrants will have an exercise price of $4.00 and a term of 48 months. The private placement price is above the market price under Nasdaq listing rules.
The company expects to initially raise approximately $10 million, with an additional $13 million to be raised if all warrants are exercised. The transaction is expected to close on December 1. Proceeds will be used for working capital, general corporate purposes, and Solana Max Yield Strategy.
As a Solana-focused digital asset company, Upexi currently holds over 2 million SOL and creates value through three core mechanisms: smart capital issuance, staking, and discounted locked token purchases.
