---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-003978"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2026-06-24T20:37:02+00:00"
generated_at: "2026-06-24T20:38:27.882830+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upexi issues 12.2M shares and pre-funded warrants to retire $19.5M of convertible note

## Summary
- Aggregate 12,242,300 shares/pre-funded warrants issued at ~$1.60 per share; total proceeds $19,542,634.54.
- Proceeds paid by retiring $19.5M of existing $35.96M Secured Convertible Note; remaining note balance $16.42M.
- Note conversion price unchanged; beneficial ownership limitation of 9.99% applied to combined holdings.
- No placement agent used; Company to file resale registration statement within 30 days of closing.
- Pre-funded warrants exercisable immediately at $0.00001 per share on cashless basis, no expiration.

## SEC filing metadata
- accession: 0001477932-26-003978
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2026-06-24T20:37:02+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793226003978/0001477932-26-003978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793226003978/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-003978
- JSON: https://secwatch.observer/filing/0001477932-26-003978.json
- Plain text: https://secwatch.observer/filing/0001477932-26-003978.txt

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