Upexi announces operational measures to monetize non-core assets

Upexi is announcing strategic operational measures to monetize non-core assets, reduce expenses and drive profitability. On August 31, 2023, Upexi entered into an Equity Interest Purchase Agreement pursuant to which the Company sold One hundred percent of the issued and outstanding equity of its wholly owned subsidiary Interactive Offers for $1,250,000, subject to certain customary post-closing adjustments. In addition, there is an obligation to pay Upexi 2.5% of certain advertising revenues of Interactive for a two-year period post-closing. On September 1, 2023, Upexi also exercised its option to acquire the remaining 45% of the issued and outstanding equity of Cygnet Online, LLC. As a result of the foregoing the Company now owns 100% of the issued and outstanding equity of Cygnet.