Upexi files shelf registration statement on Form S-3

Upexi (UPXI) announced the filing of a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission on December 22. In addition, the Company plans to terminate its existing equity line of credit once the S-3 is effective, which has been unused to date. The company said, “The Company believes replacing the equity line of credit with a Shelf Registration will enhance its ability to access capital efficiently, providing greater flexibility over timing and pricing, while reducing overall transaction costs as it advances its Solana treasury strategy. The use of the Shelf Registration, once effective, will be at management’s sole discretion and used only when doing so would be accretive to adjusted Solana per share.”