{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-26-000207","form_type":"8-K","ticker":"UPXI","cik":"0001775194","company_name":"UPEXI, INC.","filed_at":"2026-01-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.135122+00:00","generated_at":"2026-05-16T10:25:41.364069+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Upexi issues $36M convertible note to Hivemind at $2.39/share, 1% rate, for locked Solana","bullets":["Convertible note principal ~$36M, 1.0% interest payable quarterly, maturity Jan 9, 2028; fixed conversion price $2.39 (12.7% premium to $2.12 close).","Company receives 265,500 locked SOL via assignment; Solana treasury to increase 12% to over 2.4M SOL.","Note is secured by the SOL; no cash repayment of principal – investor gets pro rata return of SOL if unconverted at maturity.","Internal estimated mNAV as of Jan 9, 2026: ~$234.4M, representing a fully-loaded modified NAV of 0.92x (Reg FD disclosure).","CEO states transaction is accretive to adjusted SOL per share; no placement agent fees were paid."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-26-000207","json":"https://secwatch.observer/filing/0001477932-26-000207.json","markdown":"https://secwatch.observer/filing/0001477932-26-000207.md","text":"https://secwatch.observer/filing/0001477932-26-000207.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1775194/000147793226000207/0001477932-26-000207-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1775194/000147793226000207/upxi_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:25:41.364069+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":"48f05c292e6aed1968b187addf972db4a043ea21","claim":"UPEXI, INC. entered into Securities Purchase Agreement with Hivemind Validation Master Fund valued at $36 million (effective 2026-01-09).","evidence_excerpt":"Upexi, Inc. (the “Company”) entered into a Securities Purchase Agreement dated January 9, 2026 (the “Purchase Agreement”) with Hivemind Validation Master Fund (the “Investor”), pursuant to which the Company issued to the Investor a secured convertible promissory note in the original principal amount of approximately $36 million (the “Note”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1775194/000147793226000207/0001477932-26-000207-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Hivemind Validation Master Fund"},{"label":"Value","value":"$36 million"},{"label":"Effective","value":"2026-01-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}