{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-25-005150","form_type":"8-K","ticker":"UPXI","cik":"0001775194","company_name":"UPEXI, INC.","filed_at":"2025-07-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.950414+00:00","generated_at":"2026-05-18T05:48:29.506725+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Upexi closes $150M convertible note offering secured by Solana; total concurrent $200M raise","bullets":["$150M secured convertible notes with fixed conversion at $4.25, 2% interest, 24-month maturity, collateralized by SOL.","Combined with $50M equity offering for total ~$200M gross proceeds before fees.","Company now holds ~1.65M SOL, more than doubling prior treasury of ~735,692 SOL.","Agreed to file resale registration statement for conversion shares within 30 days of closing.","Big Brain Holdings led the note offering; A.G.P. acted as sole placement agent."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-25-005150","json":"https://secwatch.observer/filing/0001477932-25-005150.json","markdown":"https://secwatch.observer/filing/0001477932-25-005150.md","text":"https://secwatch.observer/filing/0001477932-25-005150.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775194/000147793225005150/0001477932-25-005150-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775194/000147793225005150/upxi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:48:29.506725+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c1baae0696c4f55d41c1dca32410cd6a269bc6a4","claim":"UPEXI, INC. incurred convertible notes of $151,169,169 with certain investors (the \"Purchasers\") at two percent (2%) per annum maturing second anniversary of the closing.","evidence_excerpt":"the Company agreed to sell and issue to the Purchasers in a private placement offering (the “Note Offering”) secured convertible notes (the “Notes”) in exchange for locked and spot Solana in the aggregate, original principal amount of $151,169,169. The Notes mature on the second anniversary of the closing and bear interest at a rate of two percent (2%) per annum","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775194/000147793225005150/0001477932-25-005150-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$151,169,169"},{"label":"Counterparty","value":"certain investors (the \"Purchasers\")"},{"label":"Rate","value":"two percent (2%) per annum"},{"label":"Maturity","value":"second anniversary of the closing"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}