Upexi, a Nasdaq-listed company, has announced a private placement priced at up to $23 million, involving common stock and warrants. The transaction is set to provide approximately $10 million in immediate financing, with potential total proceeds reaching $23 million if all warrants are exercised. The offering is priced at $3.04 per share and accompanying warrant, with a warrant exercise price of $4.00. These warrants are immediately exercisable and have a four-year term. The deal is expected to close around December 1. Funds raised will be used for general corporate purposes, working capital, and expanding Solana holdings.