Upexi Announces Completion of $200 Million Private Placement, Will Further Increase SOL Holdings

U.S. listed company Upexi (Nasdaq: UPXI) announced the completion of a $200 million parallel private placement, covering both common stock and convertible notes, both priced above market price. Upexi CEO Allan Marshall also participated in this round of financing, with the common stock issued at $4.00 per share, while he subscribed at $4.94 per share. The common stock financing raised a total of approximately $50.00 million and is expected to close on July 14, with some of the funds used for the company's existing business and the remainder used to expand its Solana asset allocation. [Foresight News]