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 an acquisition involving E-Core Technology, Inc. d/b/a New England Technology, Inc. for Twenty-Four Million One Hundred Thousand Dollars ($24,100,000) (closed 2022-10-31).
- Action
- acquisition
- Counterparty
- E-Core Technology, Inc. d/b/a New England Technology, Inc.
- Consideration
- Twenty-Four Million One Hundred Thousand Dollars ($24,100,000)
- Closing
- 2022-10-31
Exact text from the filing
the Company to the Buyer (the “Transaction”). The base consideration paid by the Buyer to the Sellers in the transaction totals Twenty-Four Million One Hundred Thousand Dollars ($24,100,000), subject to adjustment, and consists of: (i) Three Million One Hundred Thousand Dollars ($3,100,000) paid on or before the date that is thirty (30) days after the Closing Date
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
UPEXI, INC. entered into Securities Purchase Agreement with E-Core Technology, Inc. d/b/a New England Technology, Inc., David Romano, Nick Romano, Eric Limont valued at Twenty-Four Million One Hundred Thousand Dollars ($24,100,000) (effective 2022-10-31).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- E-Core Technology, Inc. d/b/a New England Technology, Inc., David Romano, Nick Romano, Eric Limont
- Value
- Twenty-Four Million One Hundred Thousand Dollars ($24,100,000)
- Effective
- 2022-10-31
Exact text from the filing
On October 31, 2022 (the “Closing Date”), Upexi, Inc. (the “Company”) and its wholly owned subsidiary Upexi Enterprise, LLC (the “Buyer”) entered into a Securities Purchase Agreement (the “SPA”) with E-Core Technology, Inc. d/b/a New England Technology, Inc., a Florida corporation (the “Company”), David Romano individually and in his capacity as Seller Representative (“Seller Representative”), Nick Romano (“Nick”), and Eric Limont (“Eric”, and together with Seller Representative and Nick, each a “Seller” and collectively the “Sellers”).
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