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Upexi Announces Completion of $200 Million Financing for Increased SOL Holdings
Summary: In breaking news, Upexi, Inc. (NASDAQ: UPXI) has announced the completion of two rounds of financing totaling $200 million. The company privately placed common stock at a price of $4 per share, raising approximately $50 million; simultaneously issued $150 million in convertible bonds with a 2% annual interest rate, 24-month maturity, and conversion price of ...
In breaking news, Upexi, Inc. (NASDAQ: UPXI) has announced the completion of two rounds of financing totaling $200 million. The company privately placed common stock at a price of $4 per share, raising approximately $50 million; simultaneously issued $150 million in convertible bonds with a 2% annual interest rate, 24-month maturity, and conversion price of $4.25 per share.
This financing will significantly increase Upexi's holdings of Solana (SOL), with the company expected to hold approximately 1.65 million SOL after the transaction, more than doubling the previously disclosed 735,000 SOL. Some of the proceeds from the stock issuance will be used for the company's existing business operations and general corporate purposes, while the remaining funds will be invested in Solana treasury strategies. In the coming weeks, the company plans to continue increasing its SOL holdings.
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Link: Upexi Announces Completion of $200 Million Financing for Increased SOL Holdings [Copy]
