UPEXI, INC. (UPXI): debt financing — Upexi closes $150M convertible note offering secured by Solana; total concurrent $200M raise

UPEXI, INC.

$150M secured convertible notes with fixed conversion at $4.25, 2% interest, 24-month maturity, collateralized by SOL.
Combined with $50M equity offering for total ~$200M gross proceeds before fees.
Company now holds ~1.65M SOL, more than doubling prior treasury of ~735,692 SOL.
Agreed to file resale registration statement for conversion shares within 30 days of closing.
Big Brain Holdings led the note offering; A.G.P. acted as sole placement agent.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

UPEXI, INC. incurred convertible notes of $151,169,169 with certain investors (the "Purchasers") at two percent (2%) per annum maturing second anniversary of the closing.

Instrument: convertible notes
Principal: $151,169,169
Counterparty: certain investors (the "Purchasers")
Rate: two percent (2%) per annum
Maturity: second anniversary of the closing
Event: incurrence

Exact text from the filing

the Company agreed to sell and issue to the Purchasers in a private placement offering (the “Note Offering”) secured convertible notes (the “Notes”) in exchange for locked and spot Solana in the aggregate, original principal amount of $151,169,169. The Notes mature on the second anniversary of the closing and bear interest at a rate of two percent (2%) per annum

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73 debt financings filed in the last 30 days. Browse all debt financings →

UPEXI, INC. filing history →

Source: SEC EDGAR

accession 0001477932-25-005150

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