---
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"
generated_at: "2026-06-10T23:31:15.791149+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Upexi sells Interactive Offers for $1.25M plus royalty, buys remaining 45% of Cygnet for cash/stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-006654
- JSON: https://secwatch.observer/filing/0001477932-23-006654.json
- Plain text: https://secwatch.observer/filing/0001477932-23-006654.txt

## Key facts
- M&A Transactions
  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).
  - Action: disposition
  - Counterparty: Amplifyir Inc.
  - Consideration: $1,250,000 cash, subject to post-closing adjustments, plus 2.5% of certain advertising revenues of Interactive for two years post-closing
  - Closing: 2023-08-31
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793223006654/0001477932-23-006654-index.htm
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: Eric Hanig
  - Consideration: $500,000 cash on closing, 90,909 shares of common stock, and $300,000 payable on the one-year anniversary of closing
  - Closing: 2023-09-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793223006654/0001477932-23-006654-index.htm

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