secwatch.observer — SEC 8-K summary
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Issuer:     UPEXI, INC. (UPXI)
CIK:        0001775194
Form:       8-K
Filed at:   2026-06-26T20:35:59+00:00
Accession:  0001477932-26-004047
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226004047/0001477932-26-004047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1775194/000147793226004047/upxi_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-26-004047

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