Upexi, a publicly traded company in the US stock market, announced the completion of a $10 million private placement

Nasdaq-listed company Upexi (UPXI) announced that it has completed a private placement, issuing a total of 3,289,474 shares of common stock and warrants, which can be exercised to purchase up to 3,289,474 shares of common stock at a total purchase price of $3.04 per share.

The total amount raised from this placement is approximately $10 million, and if the warrants are fully exercised for cash, it is expected to raise an additional approximately $13 million. The company plans to use the net proceeds from this placement for working capital, general corporate purposes, and its internal management's SOL maximum return strategy.