Upexi Announces Closing of Approximately $150 Million Private Placement of Convertible Notes as Part of Previously Announced $200 Million Concurrent Offering
Upexi (NASDAQ: UPXI) has successfully closed a $150 million private placement of convertible notes as part of a larger $200 million concurrent offering. The convertible notes were issued in exchange for Solana (SOL) cryptocurrency, featuring a 2.0% interest rate, $4.25 fixed conversion price, and 24-month maturity.
The transaction includes the previously announced $50 million private placement of common stock. Following the closing, Upexi's Solana treasury has more than doubled to approximately 1.65 million SOL from the previous 735,692 SOL. The notes are collateralized by SOL provided by the holders, with Big Brain Holdings serving as the lead investor.
Upexi (NASDAQ: UPXI) ha completato con successo un collocamento privato di note convertibili da 150 milioni di dollari come parte di un'offerta simultanea più ampia da 200 milioni di dollari. Le note convertibili sono state emesse in cambio della criptovaluta Solana (SOL), con un tasso d'interesse del 2,0%, un prezzo di conversione fisso di 4,25 dollari e una scadenza di 24 mesi.
La transazione include il già annunciato collocamento privato di azioni ordinarie da 50 milioni di dollari. Dopo la chiusura, la tesoreria di Solana di Upexi è più che raddoppiata, raggiungendo circa 1,65 milioni di SOL rispetto ai precedenti 735.692 SOL. Le note sono garantite da SOL forniti dai detentori, con Big Brain Holdings come investitore principale.
Upexi (NASDAQ: UPXI) ha cerrado con éxito una colocación privada de notas convertibles por 150 millones de dólares como parte de una oferta concurrente más amplia de 200 millones de dólares. Las notas convertibles se emitieron a cambio de la criptomoneda Solana (SOL), con una tasa de interés del 2,0%, un precio fijo de conversión de 4,25 dólares y un vencimiento a 24 meses.
La transacción incluye la previamente anunciada colocación privada de acciones comunes por 50 millones de dólares. Tras el cierre, la tesorería de Solana de Upexi se ha más que duplicado, alcanzando aproximadamente 1,65 millones de SOL desde los 735,692 SOL anteriores. Las notas están garantizadas por SOL proporcionados por los tenedores, con Big Brain Holdings como inversor principal.
Upexi (NASDAQ: UPXI)는 1억 5천만 달러 규모의 전환사채 사모 발행을 성공적으로 마무리했으며, 이는 총 2억 달러 규모의 동시 공모의 일부입니다. 전환사채는 솔라나(SOL) 암호화폐와 교환되어 발행되었으며, 2.0% 이자율, 4.25달러 고정 전환가, 24개월 만기를 특징으로 합니다.
이번 거래에는 이전에 발표된 5천만 달러 규모의 보통주 사모 발행도 포함되어 있습니다. 거래 종료 후 Upexi의 솔라나 보유량은 이전 735,692 SOL에서 약 165만 SOL로 두 배 이상 증가했습니다. 전환사채는 보유자들이 제공한 SOL을 담보로 하며, Big Brain Holdings가 주요 투자자로 참여했습니다.
Upexi (NASDAQ : UPXI) a clôturé avec succès un placement privé de billets convertibles de 150 millions de dollars dans le cadre d'une offre simultanée plus large de 200 millions de dollars. Les billets convertibles ont été émis en échange de la cryptomonnaie Solana (SOL), avec un taux d'intérêt de 2,0%, un prix de conversion fixe de 4,25 dollars, et une échéance de 24 mois.
La transaction inclut le placement privé d'actions ordinaires de 50 millions de dollars précédemment annoncé. Après la clôture, la trésorerie Solana d'Upexi a plus que doublé, atteignant environ 1,65 million de SOL contre 735 692 SOL auparavant. Les billets sont garantis par les SOL fournis par les détenteurs, avec Big Brain Holdings en tant qu'investisseur principal.
Upexi (NASDAQ: UPXI) hat erfolgreich eine Privatplatzierung von Wandelanleihen in Höhe von 150 Millionen US-Dollar abgeschlossen, die Teil eines größeren gleichzeitigen Angebots von 200 Millionen US-Dollar ist. Die Wandelanleihen wurden im Austausch gegen die Kryptowährung Solana (SOL) ausgegeben und weisen einen Zinssatz von 2,0%, einen festen Wandlungspreis von 4,25 US-Dollar sowie eine Fälligkeit von 24 Monaten auf.
Die Transaktion umfasst auch die zuvor angekündigte Privatplatzierung von Stammaktien im Wert von 50 Millionen US-Dollar. Nach dem Abschluss hat sich die Solana-Treasury von Upexi mehr als verdoppelt und beträgt nun etwa 1,65 Millionen SOL gegenüber zuvor 735.692 SOL. Die Anleihen sind durch von den Inhabern bereitgestellte SOL besichert, wobei Big Brain Holdings als Hauptinvestor fungiert.
- Secured significant funding of $200 million through concurrent offerings
- More than doubled Solana treasury to 1.65 million SOL
- Favorable 2.0% interest rate on convertible notes
- Notes are fully collateralized by SOL cryptocurrency
- Potential dilution risk from $4.25 per share conversion price
- Exposure to cryptocurrency market volatility through SOL holdings
- Additional debt obligations with 2.0% quarterly interest payments
Insights
Upexi secures $150M in crypto-backed convertible notes, doubling SOL holdings to 1.65M tokens in strategic treasury expansion.
Upexi has completed a significant $150 million private placement of convertible notes backed by Solana (SOL) cryptocurrency, complementing a previously disclosed $50 million common stock placement for a total capital raise of approximately $200 million. This financing structure is particularly notable as it's directly tied to cryptocurrency holdings, with the convertible notes collateralized by SOL provided by the respective investors.
The financial terms reveal an investor-friendly structure with a
This transaction demonstrates Upexi's aggressive expansion into the cryptocurrency space while maintaining its consumer products business. By securing cryptocurrency-backed convertible debt rather than traditional financing, Upexi has effectively leveraged investor interest in Solana to build a substantial token treasury. This approach allows the company to gain exposure to potential SOL appreciation while securing working capital through debt with relatively low interest obligations compared to traditional corporate debt instruments.
The private placement structure (versus public offering) provided Upexi with faster execution and fewer regulatory hurdles, though the securities remain restricted under Securities Act regulations. Big Brain Holdings led the investment alongside other institutional investors, signaling confidence from specialized crypto-focused capital sources.
TAMPA, Fla., July 17, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the closing of a private placement convertible note offering, with such convertible notes issued in exchange for locked and spot Solana (“SOL”), with an aggregate original principal amount of approximate
The closing of the Note Offering alongside the previously disclosed
The Convertible Notes are collateralized by SOL provided by the respective holders. The Convertible Notes have an interest rate of
Big Brain Holdings acted as the lead investor in the Note Offering alongside additional institutional investors.
The SOL underlying the Note Offering became part of the Company’s Solana treasury upon closing. The Company has approximately 1.65 million SOL following the close of the Note Offering, more than doubling the previously disclosed balance of 735,692 SOL.
A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the offering.
The offer and sale of the foregoing securities was made in a transaction not involving a public offering, and the securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Upexi, Inc.
Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.
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Company Contact
Brian Rudick, Chief Strategy Officer
Email:brian.rudick@upexi.com
Phone: (216) 347-0473
Media Contact
Gasthalter & Co.
Upexi@gasthalter.com
Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: Upexi@KCSA.com
Phone: (212) 896-1254
FAQ
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