Upexi announced the pricing of a $100M private placement

#Upexi has entered into agreements with select investors to sell 43,859,649 shares of common stock at $2.28 per share, raising approximately $100M before fees. GSR led the round, with participation from top crypto VCs, including Big Brain, Anagram, Delphi Ventures, White Star Capital, Maelstrom, Arthur Hayes' family office, Hivemind, Borderless, Morgan Creek, Elune Capital, Delta Blockchain Fund and angel investors. The company will use $5.3M for working capital and debt reduction, with the rest allocated to #Solana treasury operations and accumulation.

Upexi is a brand owner specializing in the development, manufacturing and distribution of consumer products.

👉 ir.upexi.com/news-events/press-releases/detail/101/upexi-announces-pricing-of-100-million-private-placement