Upexi surges after $100 million capital-raise as it pivots to stockpiling cryptocurrency

Upexi

21/04/2025 15:24

** Consumer products firm Upexi's UPXI.O shares jump nearly sevenfold; last up 550.5% at $14.93

** UPXI enters into agreements with certain investors for sale of ~43.9 million shares, or pre-funded warrants, at $2.28 apiece in a private placement for gross proceeds of $100 million

** Crypto trading and investment firm GSR was the lead investor in the private placement

     ** A.G.P./Alliance Global Partners is the sole placement agent for the offering

** UPXI will mainly use the funds to stockpile cryptocurrency solana

** As of last close, UPXI shares down 34.6% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))