Recent Updates — UPXI
Upexi, Inc. amended its existing credit facility with BitGo Prime, LLC, reducing the interest rate on approximately $57.3 million of outstanding borrowings from 11.5% to 7.5% per annum and lowering the required collateral level to 200%. The amendment establishes a margin call level of 150%, a margin recall level of 300%, and a liquidation level of 115%, with collateral permitted in locked Solana, liquid Solana, USDC, or U.S. dollars. The company expects annual interest cost savings exceeding $2 million under the new terms. Upexi is a digital asset treasury company focused on acquiring and holding Solana while also owning consumer brands.
Upexi, Inc. received a notification from Nasdaq indicating non-compliance with the minimum bid price requirement of $1.00 per share due to closing prices remaining below this threshold for 30 consecutive business days ending July 29, 2026. The company has been granted an initial compliance period until January 26, 2027, to restore compliance by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days. Upexi may consider implementing a reverse stock split as one potential alternative but has not announced any specific split ratio or effective date. The company operates in the cannabis technology and services industry.
Upexi, Inc. announced a strategic partnership with Blueprint, an affiliate of Hivemind Capital Partners, to stake a portion of the Company's Solana holdings. Upexi, Inc. operates in the consumer goods and digital asset management sector.
Upexi, Inc. received a notice from Nasdaq stating it is not in compliance with Listing Rule 5635(a) regarding shareholder approval requirements. The determination stems from two transactions involving secured convertible notes issued for Solana (SOL): a $151,169,169 issuance on July 9, 2025, and a $36 million issuance on January 9, 2026. Nasdaq asserts these notes are convertible into 20% or more of the company's outstanding shares and voting power. The company has until August 10, 2026, to submit a compliance plan. Additionally, the company announced its addition to the Russell Microcap Index effective June 29, 2026. Upexi, Inc. is a technology-driven consumer goods company.