Upexi (NASDAQ: UPXI) highlights year-end results and $433M Solana stake

Rhea-AI Filing Summary

Upexi, Inc. filed a current report to furnish a press release with financial highlights for the year ended June 30, 2025 and an update on its cryptocurrency holdings. The company reports a Solana treasury position valued at $433 million as of September 23, 2025 and 2,018,419 SOL tokens as of September 10, 2025. The press release also discusses metrics such as net asset value, unrealized gains, Solana per share, and staking activity, providing more detail on how these digital assets relate to the company’s overall financial position.

Insights

Equity and digital-assets analyst

Upexi highlights large Solana holdings alongside year-end financial metrics.

Upexi, Inc. furnished a press release summarizing financial highlights for the year ended June 30, 2025 and detailing its Solana treasury position. The company cites Solana holdings valued at $433 million as of September 23, 2025 and 2,018,419 SOL as of September 10, 2025. The release also references net asset value, unrealized gains, SOL per share, and staking, indicating that digital assets are a notable part of the balance sheet.

The information is furnished, not filed, which limits its use in certain legal contexts but still informs readers about exposure to Solana price movements and staking-related income. Actual impact on valuation depends on details contained in the attached press release, including how these holdings compare to total assets, liabilities, and equity, and how volatile crypto prices affect reported unrealized gains.

Subsequent periodic reports that include full audited or reviewed financial statements for the period ended June 30, 2025 will give clearer insight into how these crypto holdings influence earnings, net asset value, and risk profile over time.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 24, 2025

_______________________________

UPEXI, INC.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware		001-40535		83-3378978
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

3030 N. Rocky Point Drive, Suite 420

Tampa, FL 33607

(Address of Principal Executive Offices) (Zip Code)

(727) 287-2800

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.00001		UPXI		NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On September 24, 2025, Upexi, Inc. (the “Company”) issued a press release announcing financial highlights for the year ended June 30, 2025 and providing an update on its current treasury holding Solana at $433 million (as of September 23, 2025) and 2,018,419 SOL (as of September 10, 2025), and other metrics, including net asset value, unrealized gain, SOL per share,  and staking. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein. 

The information in Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any of the Company’s filings under the Securities Act, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Report in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Exhibit Description
99.1		Press Release of Upexi, Inc., dated September 24, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL Document)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		UPEXI, INC.
Dated: September 26, 2025		/s/ Andrew J. Norstrud
		Name: Andrew J. Norstrud
		Title: Chief Financial Officer

3

FAQ

What did Upexi (UPXI) disclose in this 8-K filing?

Upexi, Inc. furnished a press release announcing financial highlights for the year ended June 30, 2025 and providing details on its Solana treasury holdings and related metrics.

What Solana holdings did Upexi (UPXI) report?

The company reported Solana treasury holdings valued at $433 million as of September 23, 2025 and 2,018,419 SOL tokens as of September 10, 2025.

Which additional metrics related to Solana did Upexi mention?

Upexi referenced net asset value, unrealized gain, SOL per share, and staking metrics in connection with its Solana holdings.

Does this 8-K mean Upexi’s information is filed for liability purposes?

No. The company states that the information in Item 2.02 and Exhibit 99.1 is being furnished and shall not be deemed filed for purposes of Section 18 of the Exchange Act.

What exhibit is attached to the Upexi (UPXI) 8-K?

The filing attaches Exhibit 99.1, a press release of Upexi, Inc. dated September 24, 2025, along with the cover page interactive data file as Exhibit 104.

Who signed the Upexi (UPXI) 8-K report?

The report was signed on behalf of Upexi, Inc. by Andrew J. Norstrud, the company’s Chief Financial Officer.