Consumer goods and cryptocurrency-focused brand Upexi has announced the closure of a major private financing round.
Composition of Financing
The $200 million financing consists of two main components: a $50 million stock offering and a $150 million convertible bond issuance.
Terms of the Deal
Under the stock offering, CEO Allan Marshall indicated that 12,457,186 shares were sold at $4.00 per share ($4.94 for management). The bonds were issued at a fixed interest rate of 2%, with a conversion price of $4.25 per share. The bond issuance is expected to close on July 16, 2025.
Future Plans of the Company
Upexi plans to utilize the proceeds to finance current business operations and to bolster its Solana reserves, which are expected to reach approximately 1.65 million SOL following the completion of the transactions.
The completion of this financing strengthens Upexi's position in the cryptocurrency sector and emphasizes its strategic focus on increasing assets in Solana.
