Upexi raises $7.4 million through common stock issuance

Nasdaq listed company Upexi announced an agreement with an institutional investor to issue 6337000 ordinary shares and warrants at a price of $1.17 per share, raising $7.4 million. The proceeds will be used for working capital, general corporate purposes, and expanding SOL token investment strategies, with AGP/Alliance Global Partners as the sole placement agent for this issuance.