secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001477932-23-001235
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upexi issues $2.71M in promissory notes to accredited investors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793223001235/0001477932-23-001235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793223001235/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-001235

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