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
佛羅里達州坦帕市/ACCESSWIRE/2024年10月25日/Upexi, Inc.（納斯達克股票代碼：UPXI）（「公司」 或 「Upexi」）是一家多方面的亞馬遜直接面向消費者的品牌所有者和綜合創新者，宣佈了一項與最近完成的反向股票拆分有關影響公司股東的問題。
在公司於2024年9月27日按要求宣佈反向股票拆分之前，Upexi估計登記在冊的股東不到5,000人。拆分後，已有5家經紀公司要求彙總股份，相當於公司要求的202,183股普通股中約199,059股普通股。
要求的202,183股彙總股票約佔公司拆分後已發行普通股的19％，是擁有公司普通股的個人股東人數的約40倍。上述活動似乎發生在反向拆分公告和反向拆分生效之日之間的3天交易期內。
該公司及其法律團隊目前正在審查上述交易活動，以確定此類活動是否涉及可能的股票操縱。
該公司首席執行官艾倫·馬歇爾表示：「公司打算盡最大努力解決這個問題，以保護面臨該問題的公司股東，並幫助其他上市公司在未來避免這一問題。」
關於 Upexi, Inc.：
Upexi 是一個多方面的品牌所有者，在健康、保健、寵物、美容和其他成長型市場擁有知名品牌。我們在具有高增長趨勢的新興行業開展業務，並希望推動我們當前品牌的有機增長。我們專注於可擴展且具有預期的高行業增長趨勢的直接面向消費者的品牌和亞馬遜品牌。我們的目標是繼續積累消費者數據，並在我們銷售的所有行業中建立重要的客戶數據庫。我們當前數據庫的增長是銷售額和利潤同比增長的關鍵。爲了推動進一步增長，我們已經並將繼續收購盈利的亞馬遜和電子商務業務，這些業務可以通過企業協同效應快速擴展並降低成本。
來源：Upexi
