UPEXI, INC. (UPXI): debt financing — Upexi issues $2.71M in promissory notes to accredited investors

UPEXI, INC.

Issued $2,150,000 Note A with 134,000 PIK shares and $560,000 Note B at 10% interest.
Both notes mature November 22, 2024; Note A principal payments start Dec 2023, Note B interest-only for 9 months.
Note A convertible into common stock at $5.00 per share; both notes issued under Regulation D to accredited investors.
Notes contain standard restrictive legends and are unregistered; prepayment allowed at any time.

item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UPEXI, INC. incurred loan of $2,150,000 maturing November 22, 2024.

Instrument: loan
Principal: $2,150,000
Maturity: November 22, 2024
Event: incurrence

Exact text from the filing

Sheet Arrangement of a Registrant. On February 22, 2023, Upexi, Inc. (the “ Company ”) issued promissory notes to two individual accredited investors in the principal amounts of $2,150,000 (“ Note A ”), and $560,000 (“ Note B ,” and, together with Note A, the “ Notes ”). Note A has a term of 21 months, provides for payment in kind interest and fees, payable on the

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

UPEXI, INC. incurred loan of $560,000 at 10% per annum maturing November 22, 2024.

Instrument: loan
Principal: $560,000
Rate: 10% per annum
Maturity: November 22, 2024
Event: incurrence

Exact text from the filing

On February 22, 2023, Upexi, Inc. (the “ Company ”) issued promissory notes to two individual accredited investors in the principal amounts of $2,150,000 (“ Note A ”), and $560,000 (“ Note B ,” and, together with Note A, the “ Notes ”). Note A has a term of 21 months, provides for payment in kind interest and fees, payable on the date of issuance, in the

View on SEC.gov

73 debt financings filed in the last 30 days. Browse all debt financings →

UPEXI, INC. filing history →

Source: SEC EDGAR

accession 0001477932-23-001235

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.