Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
UPEXI, INC. completed a disposition involving Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC for Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000) (closed 2022-10-26).
- Action
- disposition
- Counterparty
- Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC
- Consideration
- Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000)
- Closing
- 2022-10-26
Exact text from the filing
to the Buyers (the “Transaction”). The base consideration paid by the Sellers to the Company in the transaction totals Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000), subject to adjustment, and consists of: (i) Five Million Five Hundred Thousand Dollars ($5,500,000) paid at closing; (ii) a convertible secured subordinated promissory note
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
UPEXI, INC. entered into Membership Interest Purchase Agreement with Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC valued at Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000) (effective 2022-10-26).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Bloomios, Inc. and its wholly owned subsidiary Infused Confections LLC
- Value
- Twenty-Three Million Five Hundred Thousand Dollars ($23,500,000)
- Effective
- 2022-10-26
Exact text from the filing
On October 26, 2022, Upexi, Inc. (the “Company”) entered into a Membership Interest Purchase Agreement (the “MIPA”) with Bloomios, Inc., a Nevada corporation (“Bloomios”), and its wholly owned subsidiary Infused Confections LLC, a Wyoming limited liability company (together with Bloomios, the “Buyers”), pursuant to which the Company sold 100% of the membership interests of Infusionz LLC, a Colorado limited liability company (“Infusionz”) to the Buyers (the “Transaction”).
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