Upexi files shelf registration statement with SEC

Upexi Inc. (NASDAQ: UPXI) filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission on December 22, according to a company statement. The digital asset treasury company also plans to terminate its existing equity line of credit once the S-3 becomes effective.

The company stated the equity line of credit has been unused to date. Upexi said it believes the shelf registration will provide greater flexibility over timing and pricing while reducing transaction costs as it advances its Solana treasury strategy.

The company indicated that use of the shelf registration, once effective, will be at management's discretion and used only when doing so would be accretive to adjusted Solana per share.

Upexi describes itself as a digital asset treasury company focused on acquiring and holding Solana cryptocurrency. The company stated it currently holds over two million SOL tokens. Upexi also operates as a consumer brands owner that develops, manufactures and distributes consumer products.

The shelf registration statement has been filed with the SEC but has not yet become effective. Securities may not be sold until the registration statement is declared effective by the SEC.

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