secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2026-06-24T20:37:02+00:00
Accession:  0001477932-26-003978
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226003978/0001477932-26-003978-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226003978/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-003978

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