Overview
- Upexi registered a shelf with the SEC allowing up to $1 billion of common and preferred stock, debt, warrants, or units to be issued over time.
- The company said any future proceeds could go toward working capital, acquisitions, R&D, capital expenditures, or debt repayment, with no set timetable for sales.
- Upexi holds roughly 2 million SOL, ranking fourth among public-company Solana treasuries, and runs a program focused on acquiring, holding, and staking the token.
- UPXI closed down nearly 7% to about $1.85 on the day of the filing and is off roughly 50% year to date, while SOL traded near $123 after recent steep declines.
- Management said it plans to terminate an unused equity line of credit once the shelf becomes effective to prioritize this more flexible funding route.