---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-003379"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:23:08.407395+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Upexi announces $7M registered direct offering of 2.12M shares at $3.30/share

## Summary
- Gross proceeds of ~$7M from sale of 2,121,213 shares at $3.30 per share.
- Closing expected on or about May 16, 2023, subject to customary conditions.
- A.G.P./Alliance Global Partners is lead placement agent; Paulson Investment Co is co-placement agent.
- Placement agents receive 8% cash fee and warrants exercisable at $4.774 per share.
- Offering made via existing shelf registration statement on Form S-3 (effective July 12, 2022).

## SEC filing metadata
- accession: 0001477932-23-003379
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793223003379/0001477932-23-003379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793223003379/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003379
- JSON: https://secwatch.observer/filing/0001477932-23-003379.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003379.txt

## Key facts
- Material Agreements
  UPEXI, INC. entered into Purchase Agreement with certain accredited investors named therein valued at aggregate gross proceeds from the Offering of approximately $7 million (effective 2023-05-11).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors named therein
  - Value: aggregate gross proceeds from the Offering of approximately $7 million
  - Effective: 2023-05-11
  source text: On May 11, 2023, Upexi, Inc., a Nevada corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain accredited investors named therein (the “Investors”), pursuant to which the Company agreed to issue and sell, in a registered direct offering by the Company directly to the Investors (the “Offering”), an aggregate of 2,121,213 shares (the “Shares”) of common stock, par value $0.001 per share, of the Company (“Common Stock”), at an offering price of $3.30 per share, for aggregate gross proceeds from the Offering of approximately $7 million before deducting the placement agent fee and related offering expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793223003379/0001477932-23-003379-index.htm

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