Upexi Completes $200 Million Private Funding and Plans to Further Increase Its Stake in Solana
Odaily News Upexi (NASDAQ: UPXI), a publicly traded company, announced the completion of a total of $200 million in private equity financing, including approximately $50 million in common stock and $150 million in convertible notes. The company said that part of the funds will be used to expand existing businesses, and the rest will be used to increase Solana assets.
The common stock was issued at $4 per share, and CEO Allan Marshall subscribed for $4.94 per share, which is expected to be delivered on July 14. The convertible note has an annual interest rate of 2% and a fixed conversion price of $4.25 per share, which is supported by investors pledging SOL and is expected to be delivered on July 16. The note financing was led by Big Brain Holdings.
After the financing is completed, Upexis Solana holdings will increase to approximately 1.65 million, more than double the previous 736,000. The company plans to continue to increase its holdings of SOL with equity financing proceeds in the coming weeks. AGP/Alliance Global Partners served as the exclusive private placement agent for this round of financing.
Potrebbe interessarti anche
Chi ha guadagnato
Ultime notizie crypto
Tether CEO Risponde al FUD: Azionario del Gruppo Tether Q3 vicino ai 30 miliardi di dollari, con titoli del Tesoro USA che generano circa 500 milioni di dollari di utile netto mensile
L'offerta netta di Ethereum negli ultimi 30 giorni è aumentata di 77.380 ETH
Rayls avrà il suo TGE il 1 dicembre
Gli sviluppatori di Ethereum si stanno preparando per l'aggiornamento di Fusaka il 3 dicembre.
Hasset: Sarebbe onorato di servire come presidente della Federal Reserve se nominato da Trump
Assistenza clienti:@weikecs
Cooperazione aziendale:@weikecs
Trading quantitativo e MM:[email protected]
Servizi VIP:[email protected]