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Stock impact report

Solana treasury-focused Upexi files for up to $1 billion capital raise [Yahoo! Finance]

Upexi, Inc. (UPXI) 
Company Research Source: Yahoo! Finance
Securities and Exchange Commission (SEC), The move gives the company the flexibility to raise capital by selling common stock, preferred shares, debt instruments, warrants or units in one or more offerings over time. Based in Tampa, Florida, Upexi manages a number of consumer brands including Cure Mushrooms medicinal products and Lucky Tail pet care. It also manages the fourth-largest SOL treasury of any public company, with more than 2 million tokens ($248 million) on its balance sheet. Proceeds from the securities sales, if and when executed, could be used for working capital, research and development, acquisitions and debt repayment, among other general purposes. The company's shares fell almost 7% on Tuesday to $1.85. Year-to-date, UPXI has lost about 50% of its value, while SOL dropped by 34%. Show less Read more
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