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「SOL-native MicroStrategy」 Upexi Plans to Sell Up to $5 Billion in Common Stock to Advance SOL Reserve Strategy
BlockBeats News, July 28th, Upexi, Inc., a brand operator focusing on consumer product development, manufacturing, distribution, and also involved in the cryptocurrency field (Nasdaq stock code: UPXI), today announced that it has entered into an equity financing agreement with A.G.P./Alliance Global Partners. Under the agreement, Upexi may independently decide to sell up to $500 million of the company's common stock, subject to specific restrictions and closing conditions. This equity financing does not require the payment of a commitment fee, and the proceeds will be used for general corporate purposes and to advance its Solana (SOL) reserve strategy.
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