[SOL Treasury Company Upexi Announces $23 Million Private Placement Plan] According to Golden Finance, Upexi, Inc. (NASDAQ: UPXI) announced on November 26, 2025, that it has entered into a securities purchase agreement with a single institutional investor to issue approximately 3.29 million shares of common stock at a price of $3.04 per share, along with an equal number of warrants. The exercise price of the warrants is $4.00, with a validity period of 48 months. The private placement price is above the market price under Nasdaq market rules. The company expects to initially raise approximately $10 million, with an additional $13 million to be raised if all warrants are exercised. The transaction is expected to close on December 1, and the funds raised will be used for working capital, general corporate purposes, and Solana's maximum return strategy. As a digital asset company focused on Solana, Upexi currently holds over 2 million SOL and creates value through three mechanisms: smart capital issuance, staking, and discounted locked token purchases.