Upexi filed Form S-3 with the SEC to improve its Solana asset management.

12/23 16:15

Upexi, Inc. (Nasdaq: UPXI), focused on Solana digital assets, has announced the submission of a Form S-3 registration statement to the SEC. The company plans to cancel its existing equity credit facility (which has not been used) once the registration statement becomes effective. Upexi stated that this adjustment will improve the company's fundraising efficiency and reduce overall transaction costs through more flexible timing and pricing mechanisms, thereby supporting its Solana asset management strategy.Once the registration statement is effective, the company will use this mechanism based on management's judgment when it is favorable to the adjusted value per Solana share. Upexi currently holds over 2 million Solana (SOL) and has accumulated value through smart capital issuance, staking, and discounted locked token purchases. Additionally, the company is engaged in the development, production, and distribution of consumer goods.Previously, Upexi announced the completion of a private placement of common stock and warrants raising up to $23 million.
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