Upexi raises $7.4 million through common stock offering

Nasdaq-listed company Upexi announced that it has reached an agreement with an institutional investor to issue 6,337,000 shares of common stock and warrants at a price of $1.17 per share, raising $7.4 million. The proceeds will be used for working capital, general corporate purposes, and expanding its SOL token investment strategy. AGP/Alliance Global Partners acted as the sole placement agent for this offering.