Upexi Announces Completion of $200 Million Private Placement

Nasdaq-listed company Upexi announced the completion of a $200 million private placement, including a $50.00 million common stock offering and a $150.00 million convertible bond offering. The convertible bonds were subscribed for in the form of lock-up and spot $SOL, led by Big Brain Holdings. It is expected that Upexi's $SOL reserves will increase from the previous 736,000 to approximately 1.65 million after the transaction is completed. [Wu Shuo]