Upexi Prices $19.5 Million Private Placement as Debt Conversion at $1.60 per Share
Upexi, Inc. (NASDAQ: UPXI) priced a $19.5 million private placement of 12,242,300 common shares at $1.60 per share, structured as debt reduction with an accredited investor. The transaction includes the option for pre-funded warrants in lieu of common stock.
Upexi, Inc. (NASDAQ: UPXI) entered into a securities purchase agreement with an existing accredited investor for the sale of 12,242,300 shares of common stock at approximately $1.60 per share, structured as debt reduction totaling approximately $19.5 million before deducting legal and other offering fees, the Solana-focused digital asset treasury company and consumer brands owner announced June 22.
The transaction allows the investor to purchase pre-funded warrants in lieu of common stock. The debt conversion pricing represents a mechanism to restructure Upexi's balance sheet by converting existing obligations into equity at a fixed per-share price.
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