Upexi (NASDAQ: UPXI) has announced two concurrent private placement offerings totaling $200 million. The first is a $50 million Equity Offering of 12.45 million shares priced at $4.00 per share ($4.94 for management).
Simultaneously, the company secured a $150 million Note Offering backed by Solana (SOL) cryptocurrency, featuring 2.0% interest rate, $4.25 conversion price, and 24-month maturity.
