secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2025-07-18T23:59:59+00:00
Accession:  0001477932-25-005150
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upexi closes $150M convertible note offering secured by Solana; total concurrent $200M raise
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793225005150/0001477932-25-005150-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793225005150/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-005150

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer