---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-004547"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2024-08-05T23:59:59+00:00"
generated_at: "2026-05-31T13:11:45.955671+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Upexi eliminates $16.1M debt, adds $7.4M cash via asset sales and restructuring

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-24-004547
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2024-08-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793224004547/0001477932-24-004547-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793224004547/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-004547
- JSON: https://secwatch.observer/filing/0001477932-24-004547.json
- Plain text: https://secwatch.observer/filing/0001477932-24-004547.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793224004547/0001477932-24-004547-index.htm

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