---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-002552"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:30:06.001937+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-24-002552
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793224002552/0001477932-24-002552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793224002552/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-002552
- JSON: https://secwatch.observer/filing/0001477932-24-002552.json
- Plain text: https://secwatch.observer/filing/0001477932-24-002552.txt

## Key facts
- Auditor Changes
  UPEXI, INC. dismissed BF Borgers CPA PC as its auditor.
  - Action: dismissal
  - Auditor: BF Borgers CPA PC
  source text: (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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793224002552/0001477932-24-002552-index.htm

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