Upexi announces closing of $100 million private placement

Tampa, fl / access newswire / april 24, 2025 / upexi, inc. (nasdaq:upxi) (the "company" or "upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products and that has diversified into the cryptocurrency space, today announced the closing of its previously announced private placement offering for the purchase and sale of 35,970,383 shares of common stock and 7,889,266 pre-funded warrants at a price of $2.28 per share for aggregate gross proceeds of approximately $100 million, before deducting placement agent fees and other offering expenses. gsr acted as the lead investor, and the offering included participation by many prominent crypto venture capital firms such as big brain holdings, anagram, delphi ventures, white star capital, maelstrom, the family office of arthur hayes, hivemind, borderless, morgan creek, elune capital, and delta blockchain fund, among others, as well as prominent angels including austin federa, frank chaparro, joey krug, bartosz lipinski, larry wu, and jordan prince, among others including allan marshall, upexi's ceo.
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