{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-22-008144","form_type":"8-K","ticker":"UPXI","cik":"0001775194","company_name":"UPEXI, INC.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.072574+00:00","generated_at":"2026-06-22T09:37:42.065597+00:00","sec_items":["1.02","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Upexi pays off $15M senior secured debt, expects $900k annual interest savings","bullets":["Paid outstanding balance on $15M senior secured debt facility; registration statement covering loan to be terminated.","Annualized interest expense expected to decrease by approximately $900,000.","Sale of CBD assets provided flexibility to reduce overall expenses.","CEO Allan Marshall states balance sheet now allows working with commercial lenders at more attractive rates."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-22-008144","json":"https://secwatch.observer/filing/0001477932-22-008144.json","markdown":"https://secwatch.observer/filing/0001477932-22-008144.md","text":"https://secwatch.observer/filing/0001477932-22-008144.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775194/000147793222008144/0001477932-22-008144-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775194/000147793222008144/upxi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:37:42.065597+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b2028e3b8e970d57fc95f18d6bc4c09179a286e5","claim":"UPEXI, INC. terminated Letter Agreement with two accredited investors valued at $7,500,000 in convertible notes and all security interests cancelled (effective 2022-10-31).","evidence_excerpt":"On October 31, 2022, Grove, Inc. (the “Company”) entered into a Letter Agreement pursuant to which it paid in full all amounts owed to two accredited investors from which the Company originally received $7,500,000, less fees and costs. The related convertible notes and all security interests have been cancelled, and the Company intends to promptly terminate the related Form S-3 registration statement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775194/000147793222008144/0001477932-22-008144-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"two accredited investors"},{"label":"Value","value":"$7,500,000 in convertible notes and all security interests cancelled"},{"label":"Effective","value":"2022-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}