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Upexi Raises $7M Via Equity Offering

Upexi Inc (NASDAQ:UPXI) has entered into definitive agreements with institutional and accredited investors for the purchase and sale of 2.1…
byShivani Kumaresan
May 12, 2023
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  • Upexi Inc (NASDAQ:UPXI) has entered into definitive agreements with institutional and accredited investors for the purchase and sale of 2.1 million shares at $3.30 per share.
  • The offer price represents a 24% discount to the closing price as of May 11.
  • The shares are being sold under a registered direct offering for gross proceeds of approximately $7 million.
  • The closing of the offering is expected to occur on or about May 16, 2023.
  • Also Read: Upexi’s Tytan Tiles Toy Brand Inks Licensing Agreement With Walt Disney
  • Price Action: UPXI shares are trading lower by 16.8% at $3.60 on the last check Friday.
 
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