Odaily Planet Daily News U.S. publicly traded company Upexi (NASDAQ: UPXI) announced the completion of a private financing totaling $200 million, including approximately $50 million in common stock and $150 million in convertible notes. The company stated that part of the funds will be used for the expansion of existing businesses, while the remainder will be used to increase its holdings in Solana assets. Common stock was issued at $4 per share, with CEO Allan Marshall subscribing at $4.94 per share, expected to close on July 14. The convertible notes carry an annual interest rate of 2%, with a fixed conversion price of $4.25 per share, supported by investor staking in SOL, expected to be completed on July 16. The financing was led by Big Brain Holdings. After the funding is completed, Upexi's Solana holdings will increase to approximately 1.65 million coins, more than doubling from the previous 736,000 coins. The company plans to continue increasing its SOL holdings in the coming weeks with the proceeds from equity financing. This round of financing was exclusively managed by A.G.P./Alliance Global Partners as the private placement agent.