🚨 Upexi Files $1B Shelf Registration with SEC
Upexi, a publicly traded company, submitted a $1 billion shelf registration to the SEC to raise funds through various securities offerings.
💡 Key Points:
• Holds ~2M $SOL tokens — 4th largest SOL holding among public companies
• Funds could go to working capital, R&D, and debt repayment
• Stock has plummeted from $22.57 in May → $1.825 today
• Market cap now: $115M
Investors will be watching whether this fundraising helps stabilize operations and support the SOL position.
SOL
125.46
+0.40%
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