Nasdaq-listed Upexi Receives $500.00M Equity Financing Authorization to Advance its Solana Reserve Strategy

Nasdaq-listed Upexi (Nasdaq: UPXI) has signed an equity financing facility agreement with A.G.P./Alliance Global Partners, under which Upexi may, at its discretion, sell up to $500.00M of common stock, subject to certain limitations and closing conditions. The company said it will use the proceeds from the equity financing facility for general corporate purposes and to advance its Solana asset reserve strategy. The equity financing facility structure enables Upexi to choose when to enter the capital markets without immediate financing. Such agreements typically allow companies to sell shares over a period of time based on market conditions and funding needs. [ChainCatcher]