Upexi raises $7.4M in registered direct offering of 6.34M shares and warrants at $1.17/unit

UPEXI, INC.

• Gross proceeds of $7.4M; warrants exercisable at $1.50 for 5 years with forced conversion at $5.00.
• Prior warrants amended: exercise price cut from $4.00 to $2.83, redemption trigger from $8.50 to $7.00.
• Net proceeds for working capital, general corporate purposes, and internally managed SOL maximum return strategy.
• A.G.P./Alliance Global Partners acts as sole placement agent; 5% cash fee plus expenses.
• Officers and directors subject to 15-day lock-up; company restricted from further equity issuance for 15 days.