Upexi raises approximately $7.4 million through a directed offering of common stock, to be used for SOL investment strategy and other purposes.

Techub News reports that Nasdaq-listed SOL treasury company Upexi has announced it has entered into a definitive agreement with an institutional investor to sell and issue 6,337,000 shares of common stock and an equal number of warrants at a price of $1.17 per share, raising approximately $7.4 million in total. The offering is expected to be completed around February 9, with the proceeds to be used for working capital, general corporate purposes, and the internally managed SOL Maximum Return Strategy.