---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-001235"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2023-02-24T23:59:59+00:00"
generated_at: "2026-06-19T00:53:04.280375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Upexi issues $2.71M in promissory notes to accredited investors

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-23-001235
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2023-02-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793223001235/0001477932-23-001235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793223001235/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-001235
- JSON: https://secwatch.observer/filing/0001477932-23-001235.json
- Plain text: https://secwatch.observer/filing/0001477932-23-001235.txt

## Key facts
- Debt Financings
  UPEXI, INC. incurred loan of $2,150,000 maturing November 22, 2024.
  - Instrument: loan
  - Principal: $2,150,000
  - Maturity: November 22, 2024
  - Event: incurrence
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793223001235/0001477932-23-001235-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793223001235/0001477932-23-001235-index.htm

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