UPXI
Live News • Jun 30
Upexi Moves Solana Holdings Into Blueprint Validator for Yield and Network Support Upexi announced a partnership with Blueprint to stake a portion of its Solana (SOL) holdings through Blueprint's institutional-grade Solana validator as part of its treasury management approach.
The company says the move is intended to support the Solana network while aiming to maximize yield and responsibly grow its SOL holdings. This signals a more active stance toward blockchain-based asset management within Upexi’s broader financial strategy.
Upexi’s share price is around US$0.78, with the stock down about 58.9% year to date, so crypto-related treasury decisions are occurring alongside a weak recent share price performance.
This step into staking puts part of Upexi’s balance sheet into a blockchain-based yield strategy. That adds both potential income and specific risks tied to Solana and validator performance that shareholders need to weigh against the company’s core operating profile. New Risk • Jun 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$22m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$22m free cash flow). Negative equity (-US$52m). Earnings have declined by 62% per year over the past 5 years. Shareholders have been substantially diluted in the past year (85% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$58.3m market cap). Announcement • Jun 29
Upexi, Inc. Receives Notice of Non-Compliance with Nasdaq Listing Rule 5635(a) On June 24, 2026, Upexi, Inc. received a letter from the Listing Qualifications staff of The Nasdaq Stock Market LLC notifying the Company that the Staff has determined the Company is not in compliance with Nasdaq Listing Rule 5635(a). The Staff's determination relates to two transactions that, individually and separately, which the Staff asserts violated Nasdaq's shareholder approval requirements. The first transaction is the Company's issuance of secured convertible notes in the aggregate original principal amount of $151,169,169, convertible at $4.25 per share, above the market price of the Company's common stock on that date, in exchange for Solana (SOL) on July 9, 2025. The second transaction is the Company's issuance of a secured convertible promissory note in the original principal amount of approximately $36 million, convertible at $2.39 per share, also above the market price on that date, in exchange for 265,500 locked SOL on January 9, 2026. The Staff determined that the notes, in the aggregate, are convertible into 20% or more of the Company's pre-transaction shares and voting power outstanding, and that the Company did not obtain shareholder approval prior to the issuances as required by Rule 5635(a). The notice has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. Under the Nasdaq Listing Rules, the Company has 45 calendar days from the date of the letter, or until August 10, 2026, to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the letter to evidence compliance. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal that determination to a Hearings Panel. The Company is reviewing its available options to regain compliance and intends to submit a plan to Nasdaq within the required time period. There can be no assurance that the Company's plan will be accepted or that, if accepted, the Company will be able to regain compliance with the applicable Nasdaq Listing Rules. 
