Upexi, Inc. Announces Pricing of $200 Million Concurrent Private Placement of Common Stock and Convertible Notes both Priced above the At-the-Market Price under Nasdaq Rules
Upexi (NASDAQ: UPXI) has announced two concurrent private placement offerings totaling $200 million. The first is a $50 million Equity Offering of 12.45 million shares priced at $4.00 per share ($4.94 for management), expected to close around July 14, 2025.
Simultaneously, the company secured a $150 million Note Offering backed by Solana (SOL) cryptocurrency, featuring 2.0% interest rate, $4.25 conversion price, and 24-month maturity. Upon closing around July 16, 2025, Upexi's Solana treasury will increase to approximately 1.65 million SOL, more than double its previous 735,692 SOL balance.
The proceeds will fund operations, working capital, and expand the company's Solana treasury strategy. A.G.P./Alliance Global Partners serves as the sole placement agent for both offerings.
Upexi (NASDAQ: UPXI) ha annunciato due offerte private simultanee per un totale di 200 milioni di dollari. La prima 猫 un'offerta azionaria da 50 milioni di dollari composta da 12,45 milioni di azioni a un prezzo di 4,00 dollari per azione (4,94 dollari per la dirigenza), con chiusura prevista intorno al 14 luglio 2025.
Contemporaneamente, la societ脿 ha ottenuto un'offerta di note da 150 milioni di dollari garantita dalla criptovaluta Solana (SOL), con un tasso di interesse del 2,0%, un prezzo di conversione di 4,25 dollari e una scadenza di 24 mesi. Alla chiusura, prevista intorno al 16 luglio 2025, il tesoro Solana di Upexi aumenter脿 a circa 1,65 milioni di SOL, pi霉 del doppio del precedente saldo di 735.692 SOL.
I proventi saranno utilizzati per finanziare le operazioni, il capitale circolante e per espandere la strategia della societ脿 relativa al tesoro Solana. A.G.P./Alliance Global Partners 猫 l'unico agente di collocamento per entrambe le offerte.
Upexi (NASDAQ: UPXI) ha anunciado dos ofertas privadas simult谩neas que suman un total de 200 millones de d贸lares. La primera es una oferta de acciones de 50 millones de d贸lares por 12,45 millones de acciones a un precio de 4,00 d贸lares por acci贸n (4,94 d贸lares para la gerencia), con cierre previsto alrededor del 14 de julio de 2025.
Al mismo tiempo, la compa帽铆a asegur贸 una oferta de bonos de 150 millones de d贸lares respaldada por la criptomoneda Solana (SOL), con una tasa de inter茅s del 2,0%, un precio de conversi贸n de 4,25 d贸lares y vencimiento a 24 meses. Al cierre, estimado para el 16 de julio de 2025, el tesoro de Solana de Upexi aumentar谩 a aproximadamente 1,65 millones de SOL, m谩s del doble del saldo previo de 735.692 SOL.
Los fondos se destinar谩n a financiar operaciones, capital de trabajo y a expandir la estrategia de tesorer铆a en Solana de la compa帽铆a. A.G.P./Alliance Global Partners act煤a como 煤nico agente colocador para ambas ofertas.
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Upexi (NASDAQ : UPXI) a annonc茅 deux offres priv茅es simultan茅es totalisant 200 millions de dollars. La premi猫re est une offre d鈥檃ctions de 50 millions de dollars portant sur 12,45 millions d鈥檃ctions au prix de 4,00 dollars par action (4,94 dollars pour la direction), dont la cl么ture est pr茅vue vers le 14 juillet 2025.
Parall猫lement, la soci茅t茅 a s茅curis茅 une offre d鈥檕bligations de 150 millions de dollars garantie par la cryptomonnaie Solana (SOL), avec un taux d鈥檌nt茅r锚t de 2,0 %, un prix de conversion de 4,25 dollars et une 茅ch茅ance de 24 mois. 脌 la cl么ture pr茅vue vers le 16 juillet 2025, la tr茅sorerie Solana d鈥橴pexi atteindra environ 1,65 million de SOL, soit plus du double de son solde pr茅c茅dent de 735 692 SOL.
Les fonds serviront 脿 financer les op茅rations, le fonds de roulement et 脿 d茅velopper la strat茅gie de tr茅sorerie Solana de l鈥檈ntreprise. A.G.P./Alliance Global Partners agit en tant qu鈥檃gent unique pour ces deux offres.
Upexi (NASDAQ: UPXI) hat zwei gleichzeitige Privatplatzierungen mit einem Gesamtvolumen von 200 Millionen US-Dollar angek眉ndigt. Die erste ist ein Aktienangebot 眉ber 50 Millionen US-Dollar mit 12,45 Millionen Aktien zum Preis von 4,00 US-Dollar pro Aktie (4,94 US-Dollar f眉r das Management), das voraussichtlich um den 14. Juli 2025 abgeschlossen wird.
Gleichzeitig sicherte sich das Unternehmen eine Schuldverschreibungsplatzierung 眉ber 150 Millionen US-Dollar, die durch die Kryptow盲hrung Solana (SOL) besichert ist, mit einem Zinssatz von 2,0 %, einem Wandlungspreis von 4,25 US-Dollar und einer Laufzeit von 24 Monaten. Nach dem Abschluss um den 16. Juli 2025 wird Upexis Solana-Treasury auf etwa 1,65 Millionen SOL anwachsen, mehr als das Doppelte des bisherigen Bestands von 735.692 SOL.
Die Erl枚se werden zur Finanzierung des Gesch盲ftsbetriebs, des Betriebskapitals und zur Erweiterung der Solana-Treasury-Strategie des Unternehmens verwendet. A.G.P./Alliance Global Partners fungiert als alleiniger Platzierungsagent f眉r beide Angebote.
- Substantial $200 million capital raise through combined offerings
- Pricing above market rate indicates strong investor confidence
- Strategic expansion of Solana treasury to 1.65 million SOL
- Management participation in equity offering at premium price of $4.94
- Low 2.0% interest rate on convertible notes
- Potential dilution from 12.45 million new shares and convertible notes
- Significant exposure to volatile cryptocurrency market through Solana holdings
- Securities not registered under Securities Act, limiting transferability
Insights
Upexi secures $200M in financing above market price, dramatically expanding its Solana treasury position in a strategic crypto pivot.
This dual-financing deal represents a significant capital injection for Upexi, with particularly favorable terms. The $50M equity offering priced at
What's particularly notable is Upexi's aggressive crypto treasury strategy. Upon closing, the company will hold approximately 1.65 million SOL tokens, more than doubling their previous position of 735,692 SOL. The notes are collateralized by investors' SOL tokens, which transfer to Upexi's treasury upon closing. The involvement of Big Brain Holdings and other institutional investors as lead participants signals significant crypto-native institutional backing.
This transaction fundamentally transforms Upexi's balance sheet and strategic direction. While the company maintains its consumer products business, this massive crypto treasury buildup positions them as a significant corporate holder of Solana. The financing structure - using both equity and crypto-collateralized debt - represents an innovative approach to corporate crypto treasury building that avoids direct market purchases while still accumulating substantial positions.
TAMPA, Fla., July 11, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI) (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced that it has entered into securities purchase agreements with certain accredited investors, qualified purchasers and institutional investors, as well as with Allan Marshall, the Company鈥檚 Chief Executive Officer, for the purchase and sale of 12,457,186 shares of common stock (or common stock equivalents in lieu thereof) at a price of
The closing of the Equity Offering is expected to occur on or about July 14, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use a portion of the proceeds from the Equity Offering to fund the Company鈥檚 existing business operations and for working capital and general corporate purposes, and the balance of the net proceeds shall be used to fund the Company鈥檚 Solana treasury strategy.
The Company also announced that, concurrent with the Equity Offering, it has entered into additional securities purchase agreements with certain institutional investors and qualified purchasers for the purchase of Convertible Notes in exchange for locked and spot Solana with an听aggregate original principal amount of approximate
The Convertible Notes are collateralized by SOL provided by the respective holders. The Convertible Notes have an interest rate of
Big Brain Holdings is acting as the lead investor in the Note Offering alongside additional institutional investors.
The closing of the Note Offering is expected to occur on or about July 16, 2025, subject to the satisfaction of customary closing conditions. The SOL underlying the Note Offering will become part of the Company鈥檚 Solana treasury upon closing.
The Company expects to have approximately 1.65 million SOL upon close of the Note Offering, more than doubling the previously disclosed balance of 735,692 SOL. The net proceeds from the Equity Offering will be deployed into acquiring additional SOL over the coming weeks.
A.G.P./Alliance Global Partners is acting as the sole placement agent in connection with both offerings.
The offer and sale of the foregoing securities is being made in a transaction not involving a public offering, and the securities have not been and will not initially be registered under the Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�), or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Upexi, Inc.:
Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi鈥檚 treasury strategy and future developments, visit .
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FORWARD LOOKING STATEMENTS:
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the expected closing of the offerings, the anticipated use of proceeds, that the Company expects to have approximately 1.65 million SOL upon the closing of the Note Offering, more than doubling the previously disclosed balance of SOL, and that the net proceeds from the Equity Offering will be deployed into acquiring additional SOL over the coming weeks. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Company Contact
Brian Rudick, Chief Strategy Officer
Email: 听
Phone: (216) 347-0473
Media Contact
Gasthalter & Co.
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Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email:听
Phone: (212) 896-1254
SOURCE:听Upexi
FAQ
What is the size and structure of Upexi's (UPXI) July 2025 private placement?
How many Solana (SOL) tokens will Upexi hold after the Note Offering?
What are the terms of Upexi's July 2025 convertible notes?
How is Upexi's management participating in the private placement?
When will Upexi's private placement offerings close?
