Lucosky Brookman Represents Upexi in $100 Million Private Placement
Upexi, Inc. (NASDAQ: UPXI), a brand owner specializing in the development, manufacturing and distribution of consumer products that has diversified into the cryptocurrency space, has successfully closed its $100 million private placement, marking a significant milestone in advancing its expansion into cryptocurrency operations.
The successfully completed capital raise attracted prominent crypto industry investors including GSR as lead investor, alongside notable venture capital firms such as Big Brain, Anagram, Delphi Ventures, White Star Capital, and Maelstrom, among others. The offering also saw participation from high-profile angel investors including Austin Federa, Frank Chaparro, and Joey Krug.
Lucosky Brookman LLP served as legal counsel to Upexi, Inc. in this strategic financing, which bolsters the Company's ability to execute its cryptocurrency strategy. A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.
This financing supports Upexi's strategic vision with approximately $5.3 million allocated for working capital and debt reduction, while the remaining funds will be directed toward the establishment of the Company's Solana treasury operations and accumulation of Solana.