Upexi, Inc. filed a Form S-3 application with the SEC and plans to deactivate its current (unused) equity credit facility once the application takes effect, in order to increase Capital efficiency and reduce transaction costs to support its Solana asset management strategy.
This move comes as Upexi focuses on the Solana digital asset and holds a significant amount of SOL , while also seeking a more flexible timing and pricing mechanism for its Capital activities.
- Upexi filed Form S-3 on December 22, 2025, and will cancel its equity credit facility once the application becomes effective.
- Objective: To raise Capital more efficiently, reduce costs, and provide flexibility in timing and pricing.
- Upexi currently holds over 2 million SOL; it previously completed a private placement of up to $23 million.
Form S-3 filing and plan to cancel equity credit facility
Upexi stated that it filed Form S-3 with the SEC on December 22, 2025, and plans to decommission its existing (currently unused) equity credit facility once the application takes effect.
The company said this adjustment aims to improve fundraising efficiency and reduce overall transaction costs, thanks to a more flexible timing and pricing mechanism. The new mechanism will be used at the management's discretion in cases where it is beneficial to the adjusted value per Solana.
The shift to a flexible model is described as consistent with Upexi's Solana asset management strategy, which focuses on optimizing costs and Capital market access rather than maintaining an unused Capital credit line.
SOL holding size and recent Capital activities
Upexi currently holds over 2 million Solana (SOL ) Token and is accumulating value through smart Capital issuance, Staking , and discounted Token purchases.
In addition to its cryptocurrency-related Solana, Upexi is also involved in the development, manufacturing, and distribution of consumer products. Previously, Upexi announced the completion of a private placement of up to $23 million in the form of common stock and warrants.
