Upexi (UPXI) Provides Shareholder Update on Restructuring

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Go back to Upexi (UPXI) Provides Shareholder Update on Restructuring

Upexi Provides Shareholder Update on Restructuring to Reduce Debt and Increase Working Capital

August 5, 2024 8:22 AM EDT

TAMPA, FL / ACCESSWIRE / August 5, 2024 / Upexi, Inc. (NASDAQ: UPXI) (the "Company" or "Upexi"), a multi-faceted Amazon and Direct-to-Consumer ("DTC") brand owner and innovator in aggregation, today is providing shareholders with an update on its restructuring to reduce debt and increase working capital through the sale of assets.

After the closing of several transactions since the nine month period ended, March 31, 2024, the Company has:

$16.1 million eliminated in debt and accrued interest

$7.4 million in cash to strengthen the balance sheet

Approximately... More