UPEXI, INC. (UPXI): M&A transaction — Upexi eliminates $16.1M debt, adds $7.4M cash via asset sales and restructuring

UPEXI, INC.

Closed sale of E-core/Neti for $2M cash and eliminated ~$12M in debt on Aug 1, 2024.
Sold Clearwater warehouse on July 9, 2024; eliminated $2.6M debt and added $1.4M cash.
Sold a wholly owned subsidiary on June 13, 2024 for $4M cash plus up to $2M in 15 months.
Closed two Las Vegas locations in July, reducing workforce 30% and saving over $1.5M/year.
CEO states restructuring positions Upexi to grow contract manufacturing, logistics, and DTC businesses.

item 2.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

UPEXI, INC. completed a disposition involving E-Core Holdings, LLC for $2,000,000 (closed 2024-08-01).

Action: disposition
Counterparty: E-Core Holdings, LLC
Consideration: $2,000,000
Closing: 2024-08-01

Exact text from the filing

2024 (the “Agreement”). The principals of the Buyer are the three individuals from whom the Company acquired Neti in October 2022. The purchase price in the transaction was $2,000,000 paid by the Buyer to the Company at closing. In addition, in connection with the closing of the transaction (i) the Company was released as a guarantor from Neti’s commercial

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24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

UPEXI, INC. filing history →

Source: SEC EDGAR

accession 0001477932-24-004547

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