Lucosky Brookman LLP Serves as Counsel to Upexi, Inc. in Completed $10 Million Private Placement Offering
Upexi, Inc. (NASDAQ: UPXI), a leading Solana-focused digital asset treasury company and diversified consumer brands owner, announced today that it has closed its previously announced private placement with a single institutional investor. The Company sold 3,289,474 shares of common stock (or common stock equivalents) and warrants to purchase up to 3,289,474 shares of common stock at a combined purchase price of $3.04 per share and accompanying warrant.
The warrants have an exercise price of $4.00, are immediately exercisable, and will expire 48 months from the date of issuance. The $3.04 purchase price reflects a 1.3x premium to the Company’s NAV using its fully-loaded mNAV calculation, resulting in an accretive impact to Upexi’s adjusted Solana (SOL) per share.
Upexi received gross proceeds of approximately $10 million at closing. The Company intends to use the net proceeds for working capital, general corporate purposes, and its internally managed SOL maximum-return strategy.
Lucosky Brookman LLP served as counsel to Upexi. A.G.P./Alliance Global Partners acted as the sole placement agent in connection with the Offering.
Related Professionals: Lawrence Metelitsa, Peter Campitiello, and Morgan Hertz.