---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-008146"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:37:54.321637+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upexi closes $24.1M acquisition of E-Core, adding $40M+ in trailing sales, targeting $100M revenue in 2023

## Summary
- Acquisition of E-Core and its subsidiaries (Tytan Products, New England Technology) for $24.1M in cash, stock, and notes.
- E-Core contributed over $40M in trailing twelve-month sales; Upexi projects FY2023 sales of $100M.
- Tytan, a toy brand of magnetic tiles, grew 100% over two years; distribution includes Walmart, Sam's Club, BJ's.
- Consideration includes $3.1M cash, 1.25M restricted shares (valued at $6M), and $15M in promissory notes (1–3 yr terms, 0–4% interest).
- New England Technology provides national distribution for branded consumer electronics via e-commerce, B2B, and B2C channels.

## SEC filing metadata
- accession: 0001477932-22-008146
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008146/0001477932-22-008146-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008146/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-008146
- JSON: https://secwatch.observer/filing/0001477932-22-008146.json
- Plain text: https://secwatch.observer/filing/0001477932-22-008146.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008146/0001477932-22-008146-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793222008146/0001477932-22-008146-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.