secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001477932-23-006127
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upexi terminates sale of Infusionz LLC due to multiple breaches by buyer Bloomios
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- Termination notice sent Aug 11, 2023 for MIPA, TSA, and Convertible Note from October 26, 2022.
- Buyer Bloomios/Infused Confections failed to pay TSA fees and did not transition services as required.
- Additional defaults: failure to cooperate under MIPA Section 5.1 and non-payment of Note.
- Upexi declares Note immediately due and payable; reserves rights to payment and indemnification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793223006127/0001477932-23-006127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793223006127/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-23-006127

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