TechFlow News, June 25: Upexi, a Solana treasury company listed on Nasdaq, announced that it has entered into a securities purchase agreement with an existing qualified investor to privately place approximately 12.2423 million shares of common stock or pre-funded warrants at a price of approximately $1.60 per share, in exchange for reducing approximately $19.5 million of existing debt.
The transaction was conducted without the involvement of a placement agent and qualifies as a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. Upexi stated that it currently holds approximately 2.4 million SOL tokens and continues advancing its Solana-centric digital asset reserve strategy.
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