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Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced it has entered into an equity line agreement with A.G.P./Alliance Global Partners enabling Upexi to sell up to $500 million of the Company's common stock at the Company's sole discretion, subject to certain restrictions and closing conditions. Any proceeds from the equity line, which included no commitment fee, will be used for general corporate purposes and to further the Company's Solana treasury strategy.
Allan Marshall, Upexi's Chief Executive Officer, stated, "The equity line gives Upexi additional means and flexibility to raise capital and increase its Solana position. The equity line was negotiated with zero fees and particularly friendly terms, and represents an attractive cost of capital. Upexi now has a multitude of tools to raise capital in the most cost-effective and accretive manner to build on its growing Solana treasury."
Posted In: UPXI
