Upexi Raises $7M Via Equity Offering

  • Upexi Inc UPXI has entered into definitive agreements with institutional and accredited investors for the purchase and sale of 2.1 million shares at $3.30 per share.
  • The offer price represents a 24% discount to the closing price as of May 11.
  • The shares are being sold under a registered direct offering for gross proceeds of approximately $7 million.
  • The closing of the offering is expected to occur on or about May 16, 2023.
  • Also ReadUpexi's Tytan Tiles Toy Brand Inks Licensing Agreement With Walt Disney
  • Price Action: UPXI shares are trading lower by 16.8% at $3.60 on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksOfferingsGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!