---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-004047"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2026-06-26T20:35:59+00:00"
generated_at: "2026-06-26T20:37:24.253934+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Upexi receives Nasdaq delisting notice over unapproved convertible notes; joins Russell Microcap Index

## Summary
- Nasdaq says Upexi violated shareholder approval rule by issuing $151M convertible note (July 2025) and $36M note (Jan 2026) without vote.
- Notes convertible at $4.25 and $2.39 per share, above market price; combined convertible into ≥20% of pre-transaction shares.
- Upexi has 45 days (by Aug 10, 2026) to submit compliance plan; extension of up to 180 days possible if plan accepted.
- Added to Russell Microcap Index effective June 29, 2026; CEO says Solana treasury exceeds 2 million SOL.
- No immediate delisting; company reviewing options to regain compliance.

## SEC filing metadata
- accession: 0001477932-26-004047
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2026-06-26T20:35:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793226004047/0001477932-26-004047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793226004047/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-004047
- JSON: https://secwatch.observer/filing/0001477932-26-004047.json
- Plain text: https://secwatch.observer/filing/0001477932-26-004047.txt

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