Upexi dismisses BF Borgers as auditor after SEC sanctions firm for systematic audit failures

UPEXI, INC.

Dismissal effective May 6, 2024, due to SEC order against BF Borgers CPA PC and its partner.
SEC order found BF Borgers deliberately failed to follow PCAOB standards and fraudulently issued audit reports.
No prior disagreements or reportable events between Upexi and BF Borgers in fiscal 2022 or 2023.
Company has not yet appointed a new independent auditor; audit committee will convene to select one.
BF Borgers had served as Upexi's auditor since July 21, 2020.

item 4.01

Key facts

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Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

UPEXI, INC. dismissed BF Borgers CPA PC as its auditor.

Action: dismissal
Auditor: BF Borgers CPA PC

Exact text from the filing

(a) Dismissal of Previous Independent Registered Public Accounting Firm On May 6, 2024, Upexi, Inc. (the “ Company ”) dismissed BF Borgers CPA PC as the Company’s independent registered public accounting firm, effective immediately, due to the Securities and Exchange Commission’s (the “ Commission ”) entry of an order on May 3, 2024 (the “ SEC Order ”), instituting settled administrative and cease-and-desist proceedings against BF Borgers CPA PC and its sole audit partner Benjamin F.

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Source: SEC EDGAR

accession 0001477932-24-002552

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