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Upexi, a SOL treasury company, announced a $23 million private sale issuance plan.

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

The company expects to initially raise approximately 10 million USD, and if all warrants are exercised, it will additionally receive 13 million USD. The transaction is expected to be completed on December 1, and the raised funds will be used for working capital, general corporate purposes, and the Solana 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 token purchases.

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