Upexi, Inc. (NASDAQ: UPXI) completed a $19.5 million debt restructuring transaction through the issuance of common stock (or pre-funded warrants) to an existing accredited investor in exchange for the cancellation of approximately $19.5 million of outstanding debt.
The transaction strengthened the Company’s balance sheet by reducing outstanding indebtedness and enhancing financial flexibility. The securities were issued in a private transaction pursuant to exemptions under Section 4(a)(2) of the Securities Act and Regulation D.
Lucosky Brookman LLP served as company counsel to Upexi in connection with the debt restructuring transaction.
