TAMPA, FL / ACCESSWIRE / October 25, 2024 / Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a multi-faceted Amazon and Direct-to-Consumer brand owner and innovator in aggregation, announces an issue affecting the Company's shareholders in regard to the recently completed reverse stock split.
Prior to the Company's required announcement regarding the reverse stock split on September 27,2024, Upexi estimates there were less than 5,000 shareholders of record. Post-split 5 Brokerage firms have requested roundup shares equaling approximately 199,059 shares of the Company's common stock out of a total of 202,183 round up shares of the Company's common stock requested.
The 202,183 roundup shares requested is approximately 19% of the Company's outstanding shares of common stock post-split and represents an increase of approximately 40 times the number of individual shareholders owning the Company's common stock. The foregoing activity appears to have occurred during the 3 day trading period between the reverse split announcement and the effective date of the reverse split.
The Company and its legal team are currently reviewing the foregoing trading activity to determine if such activity involved possible stock manipulation.
Allan Marshall, the Company's Chief Executive Officer, stated, "The Company intends to pursue this issue to the fullest extent necessary to protect the Company's shareholders exposed to the issue and to help other listed companies to avoid this issue going forward."
About Upexi, Inc.:
Upexi is a multi-faceted brand owner with established brands in the health, wellness, pet, beauty, and other growing markets. We operate in emerging industries with high growth trends and look to drive organic growth of our current brands. We focus on direct to consumer and Amazon brands that are scalable and have anticipated, high industry growth trends. Our goal is to continue to accumulate consumer data and build out a significant customer database across all industries we sell into. The growth of our current database has been key to the year over year gains in sales and profits. To drive additional growth, we have and will continue to acquire profitable Amazon and eCommerce businesses that can scale quickly and reduce costs through corporate synergies.
SOURCE: Upexi
FL，TAMPA / ACCESSWIRE / 2024年10月25日 / Upexi公司（纳斯达克：UPXI）（"公司"或"Upexi"），一个多方位的亚马逊和直接消费品牌所有者和创新者，宣布一项事宜涉及最近完成的股票向上拆分对公司股东造成影响。
在公司于2024年9月27日有关股票向上拆分的必需公告之前，Upexi估计记录股东不到5,000名。拆分后，有5家券商请求合计约199,059股公司普通股的回购股份，占公司共202,183股普通股回购股份的大约98.61%。
公司请求的202,183回购股份约占拆分后公司流通股的19%，约为个人持有公司普通股数量的40倍。前述活动似乎发生在股票向上拆分公告和股票向上拆分生效日期之间的3天交易期间。
公司及其法律团队目前正在审查前述交易活动，以确定此类活动是否涉及可能的股票操纵。
Allan Marshall，公司的首席执行官，表示:"公司打算全力解决此问题，以保护受到该问题影响的公司股东，并帮助其他上市公司避免今后出现此类问题。"
关于Upexi，Inc.：
Upexi是一个多方面品牌拥有者，在健康、养生、宠物、美容和其他增长市场中拥有成熟的品牌。我们致力于开拓新兴高增长行业，推动当前品牌的有机增长。我们专注于直销和亚马逊品牌，这些品牌具备可扩展性，并预期呈现高增长趋势。我们的目标是继续积累消费者数据，并在我们销售的所有板块中建立重要的客户数据库。目前数据库的增长对销售和利润的同比增长起到了关键作用。为了进一步的增长，我们已经并将继续收购能够快速扩展并通过企业协同效应降低成本的盈利亚马逊和电子商务企业。
消息来源：Upexi
