PANews reported on December 23 that Upexi, Inc. (NASDAQ: UPXI), a company focused on Solana digital assets, announced that it filed a Form S-3 registration statement with the SEC on December 22, 2025. The company plans to cancel its existing equity credit facility (which is currently unused) upon the registration statement becoming effective.

Upexi stated that this adjustment will improve the company's fundraising efficiency and reduce overall transaction costs through a more flexible timing and pricing mechanism, thereby supporting its Solana asset management strategy. Once the registration statement becomes effective, the company will use this mechanism in management's judgment where it is beneficial to the adjusted value per Solana.

Upexi currently holds over 2 million Solana (SOL) tokens and has accumulated value through smart capital issuance, staking, and discounted token purchases. In addition, the company is engaged in the development, production, and distribution of consumer products.

Previously, Solana Finance's Upexi announced the completion of a private placement of up to $23 million in common stock and warrants .