Upexi, Inc. navigated a challenging fiscal second quarter 2026 marked by significant market volatility, particularly in Solana prices, yet remains optimistic about future growth, citing strong fundamentals and strategic initiatives.

• Solana's price fell 40% during the quarter, impacting Upexi's performance, but the company believes in the potential for recovery driven by improving fundamentals.
• Despite multiple compression across the treasury space, Upexi's differentiated value mechanisms position it to potentially trade at a premium in a favorable market.
• The successful launch of Spot Solana ETFs and increased assets in the ecosystem signal solid underlying demand and development trends.
• Upexi raised $26 million through private placements and convertible notes at a premium to NAV, enhancing its capital position and Solana per share.
• A $50 million share repurchase program was announced, further strengthening capital management and shareholder value.