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Solana Treasury Company Upexi to Raise $7.4 Million Through Equity Offering
Mars Finance reports that Upexi, a Solana treasury company listed on NASDAQ, announced that it has reached a definitive 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 expanding its SOL token investment strategy. AGP/Alliance Global Partners serves as the exclusive placement agent for this common stock and warrant offering.