** Consumer products firm Upexi's UPXI.O shares jump nearly sevenfold; last up 550.5% at $14.93
** UPXI enters into agreements with certain investors for sale of ~43.9 million shares, or pre-funded warrants, at $2.28 apiece in a private placement for gross proceeds of $100 million
** Crypto trading and investment firm GSR was the lead investor in the private placement
** A.G.P./Alliance Global Partners is the sole placement agent for the offering
** UPXI will mainly use the funds to stockpile cryptocurrency solana
** As of last close, UPXI shares down 34.6% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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