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Upexi, Inc. (NASDAQ:UPXI), whose stock has surged over 20% in the past week and more than doubled year-to-date, disclosed Monday that it has amended its Securities Purchase Agreement with certain investors. According to a statement in a press release, the amendment, finalized August 25, 2025, introduces several changes to the original agreement dated July 11, 2025.
Under the revised terms, investors have granted Upexi a one-time waiver from compliance with Section 4.12 of the original agreement. The definition of "Exempt Issuance" in Section 1.1 has also been amended and restated. Additionally, Upexi will now issue a greenshoe instrument to each purchaser. This instrument allows investors to purchase up to 25% additional shares of Upexi’s common stock, based on their initial subscription amount under the agreement.
The company’s common stock trades on the NASDAQ under the symbol UPXI.
Details of the waiver and amendment agreement, as well as the form of the greenshoe instrument, were included as exhibits to the filing.
This information is based on a statement included in a Securities and Exchange Commission filing.
In other recent news, Upexi, Inc. announced significant developments, starting with the approval of an increase in shares available under its Incentive Plan from 10 million to 25 million shares. This decision was made during a special shareholder meeting where a majority voted in favor. Additionally, Upexi has secured a $500 million equity line agreement with A.G.P./Alliance Global Partners, allowing it to sell common stock at its discretion. The funds from this agreement are intended for general corporate purposes and to enhance the company’s Solana cryptocurrency treasury strategy.
In another strategic move, Upexi has acquired 83,000 Solana tokens for $16.7 million, increasing its total cryptocurrency holdings to 1.9 million SOL tokens. This acquisition follows a previous purchase of 100,000 SOL tokens, which expanded Upexi’s Solana holdings to over 1.8 million tokens. The company has also successfully closed a $200 million equity and convertible notes private placement. These developments reflect Upexi’s ongoing efforts to strengthen its financial position and cryptocurrency strategy.
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