PANews reported on December 2nd that, according to Globenewswire, Nasdaq-listed Upexi (UPXI) announced the completion of a private placement, issuing 3,289,474 ordinary shares and warrants. The warrants allow the purchase of up to 3,289,474 ordinary shares at a total purchase price of $3.04 per share. The total proceeds from this placement are approximately $10 million. If all warrants are exercised in cash, an additional approximately $13 million is expected to be raised. All figures are before deducting placement agency fees and other anticipated placement expenses payable by the company. The company plans to use the net proceeds from this placement for working capital, general corporate purposes, and its internal management's SOL (Socially Invested Lending) maximum return strategy.