Solana Treasury Company Upexi to raise $7.4 million through a rights offering

SmartContractAuditor · 2026-02-06T17:11:09+00:00

The Nasdaq-listed Solana treasury company Upexi has reached an agreement with institutional investors to sell 63.37 million common shares and warrants at $1.17 per share, raising $7.4 million. The funds will be used for operations and to expand the SOL token investment strategy.

SmartContractAuditor

2026-02-06 17:11:09

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Odaily Planet Daily reports that Upexi, a Nasdaq-listed Solana treasury company, announced that it has reached a final agreement with an institutional investor to sell and issue 6,337,000 common shares and warrants at a price of $1.17 per share, raising a total of $7.4 million. The net proceeds from this offering will be used for working capital, general corporate purposes, and to expand its SOL token investment strategy. AGP/Alliance Global Partners will serve as the sole placement agent for the common shares and warrants. (Globenewswire)

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