Upexi issues 12.2M shares and pre-funded warrants to retire $19.5M of convertible note

UPEXI, INC.

Aggregate 12,242,300 shares/pre-funded warrants issued at ~$1.60 per share; total proceeds $19,542,634.54.
Proceeds paid by retiring $19.5M of existing $35.96M Secured Convertible Note; remaining note balance $16.42M.
Note conversion price unchanged; beneficial ownership limitation of 9.99% applied to combined holdings.
No placement agent used; Company to file resale registration statement within 30 days of closing.
Pre-funded warrants exercisable immediately at $0.00001 per share on cashless basis, no expiration.

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