Upexi Announces Pricing of $100 Million Private Placement Priced Above Last Market Closing Price under Nasdaq Rules
Rhea-AI Summary
Upexi (NASDAQ:UPXI) has announced a significant private placement of $100 million through the sale of 43,859,649 shares of common stock at $2.28 per share. The offering, led by GSR, attracted notable crypto venture capital firms including Big Brain, Anagram, Delphi Ventures, and others.
The company plans to allocate approximately $5.3 million for working capital and debt reduction, with the remaining funds designated for establishing Solana treasury operations and accumulation. The private placement, expected to close around April 24, 2025, is being conducted through A.G.P./Alliance Global Partners as the sole placement agent.
Positive
- Raised substantial $100M in private placement
- Offering price of $2.28 per share was above market closing price
- $5.3M allocated for working capital and debt reduction
- Strong investor participation from prominent crypto VC firms
Negative
- Significant share dilution with issuance of 43.86M new shares
- Large portion of funds directed to speculative crypto operations
- Substantial dependence on cryptocurrency market performance
News Market Reaction 1 Alert
On the day this news was published, UPXI gained 330.94%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
TAMPA, FL / ACCESS Newswire / April 21, 2025 / Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products and that has diversified into the cryptocurrency space, today announced that it has entered into securities purchase agreements with certain investors, for the purchase and sale of 43,859,649 shares of common stock (or pre-funded warrants in lieu thereof) at a price of
The closing of the offering is expected to occur on or about April 24, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use approximately
A.G.P./Alliance Global Partners is acting as the sole placement agent in connection with the offering.
The offer and sale of the foregoing securities is being made in a private placement in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and/or Regulation D promulgated thereunder, or applicable state securities laws. Accordingly, the securities offered in the private placement 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.
Forward Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the expected closing of the offering and the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Company Contact
Andrew Norstrud, Chief Financial Officer
Email: andrew.norstrud@upexi.com
Phone: (702) 332-5591
Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: Upexi@KCSA.com
Phone: (212) 896-1254
SOURCE: Upexi
View the original press release on ACCESS Newswire
FAQ
How much did Upexi (UPXI) raise in their April 2025 private placement?
What is the purpose of Upexi's (UPXI) $100M fundraising in 2025?
Who are the major investors in Upexi's (UPXI) April 2025 private placement?
What is the share price for Upexi's (UPXI) 2025 private placement?
