Solana treasury company Upexi will raise $7.4 million through a share placement

Upexi, a Solana treasury company listed on NASDAQ, announced that it has reached a final agreement with an institutional investor to sell and issue 6,337,000 shares of the company's common stock and warrants at a price of $1.17 per share, raising $7.4 million. The net proceeds from this offering will be used for working capital, general corporate purposes, and to expand its SOL token investment strategy. AGP/Alliance Global Partners is acting as the sole placement agent for this common stock and warrant offering.