{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-23-006654","form_type":"8-K","ticker":"UPXI","cik":"0001775194","company_name":"UPEXI, INC.","filed_at":"2023-09-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.184869+00:00","generated_at":"2026-06-10T23:31:15.791149+00:00","sec_items":["2.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Upexi sells Interactive Offers for $1.25M plus royalty, buys remaining 45% of Cygnet for cash/stock","bullets":["Sold Interactive Offers, LLC for $1.25M cash subject to post-closing adjustments plus 2.5% advertising royalty for 2 years.","Exercised option to acquire remaining 45% of Cygnet Online for $500K cash, 90,909 shares, and $300K in one year.","Now owns 100% of Cygnet; previously owned 55% acquired April 1, 2022.","CEO cites reduced capex, increased cash flow, and focus on high-margin subscription businesses."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-23-006654","json":"https://secwatch.observer/filing/0001477932-23-006654.json","markdown":"https://secwatch.observer/filing/0001477932-23-006654.md","text":"https://secwatch.observer/filing/0001477932-23-006654.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775194/000147793223006654/0001477932-23-006654-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775194/000147793223006654/upxi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T23:31:15.791149+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6dbfcad11ac3348f3fd5288f6f9d3c1bd02f5299","claim":"UPEXI, INC. completed a disposition involving Amplifyir Inc. for $1,250,000 cash, subject to post-closing adjustments, plus 2.5% of certain advertising revenues of Interactive for two years post-closing (closed 2023-08-31).","evidence_excerpt":"subsidiary Interactive Offers, LLC (“Interactive”) to Amplifyir Inc. (the “Buyer”). The purchase price for the Interests was One Million Two Hundred Fifty Thousand Dollars ($1,250,000), subject to certain customary post closing adjustments. In addition, the Buyer is obligated to pay the Company Two- and one-half percent (2.5%) of certain advertising revenues","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775194/000147793223006654/0001477932-23-006654-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Amplifyir Inc."},{"label":"Consideration","value":"$1,250,000 cash, subject to post-closing adjustments, plus 2.5% of certain advertising revenues of Interactive for two years post-closing"},{"label":"Closing","value":"2023-08-31"}],"fact_type":"ma_transaction"},{"claim_id":"c832fa758e7dc25f6c13921862f3cce854f59d6e","claim":"UPEXI, INC. completed an acquisition involving Eric Hanig for $500,000 cash on closing, 90,909 shares of common stock, and $300,000 payable on the one-year anniversary of closing (closed 2023-09-01).","evidence_excerpt":"percent (100%) of the issued and outstanding equity of Cygnet. In consideration for the September 1, 2023, acquisition the Company paid Hanig Five Hundred Thousand Dollars ($500,000) on the Closing Date, issued Ninety Thousand Nine Hundred and Nine (90,909) shares of the Company’s common stock to Hanig, and agreed to pay Hanig Three Hundred Thousand Dollars","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775194/000147793223006654/0001477932-23-006654-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Eric Hanig"},{"label":"Consideration","value":"$500,000 cash on closing, 90,909 shares of common stock, and $300,000 payable on the one-year anniversary of closing"},{"label":"Closing","value":"2023-09-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}