Upexi has successfully arranged a $36 million convertible bond deal with Hivemind Capital Partners, collateralized by Solana (SOL). This agreement stipulates an annual interest rate of 1% and includes a fixed conversion price that exceeds the current market value.
Upon deal closure, Upexi anticipates its holdings of Solana (SOL) to surpass 2.4 million. The bonds, offered through a private placement, remain unregistered in the United States, limiting public access.
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