Upexi shares surge 10.31% intraday after closing $10M private placement with $13M warrant upside.

Upexi Inc. (NASDAQ: UPXI) surged 10.31% intraday following the announcement of closing a $23 million private placement offering, comprising $10 million in gross proceeds from 3,289,474 shares and warrants, with an additional $13 million potential from warrant exercises. The funds will support working capital, general corporate purposes, and the company’s internally managed Solana (SOL) maximum return strategy. The transaction, led by A.G.P./Alliance Global Partners, also included a registration statement filed with the SEC to facilitate resale within 60 days. The immediate liquidity boost and strategic allocation of proceeds to expand the firm’s digital asset treasury operations likely drove the sharp intraday rally, despite future dilution risks from warrant exercises.