Upexi Raises $19.5 Million in Private Placement to Repay Debt and Increase Solana HoldingsNasdaq-listed Solana treasury company Upexi said it has signed a securities purchase agreement to raise $19.5 million through a private placement. According to ChainCatcher, the company plans to sell about 12.24 million shares of common stock, or the equivalent in pre-funded warrants, at an issuance price of about $1.6 per share. Upexi said it intends to use the proceeds to repay existing debt and to continue increasing its strategic reserve of SOL assets.