Upexi, Inc. (Nasdaq: UPXI) has successfully completed a $7.4 million private placement with a single institutional investor. The agreement involves the issuance of 6,337,000 shares of common stock and an equal number of warrants, priced at $1.17 per share. The warrants, which have an exercise price of $1.50, are valid for five years and include a compulsory conversion feature at $5.00. This capital raise is part of Upexi's strategic investment in Solana, aiming to enhance its position in the blockchain sector. The funds will support Upexi's initiatives to leverage Solana's technology for future growth and development.