secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001477932-22-008146
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793222008146/0001477932-22-008146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793222008146/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-008146

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer