Upexi announces strategic operational measures to monetize non-core assets, reduce expenses and drive profitability

Company sells interactive offers for $1.25 million in cash and a 2.5% royalty on advertising revenue for 2 years company has exercised its option to acquire the remaining 45% of cygnet online for cash and stock clearwater, fl / accesswire / september 6, 2023 / upexi inc. (nasdaq:upxi) (the "company" or "upexi"), a multi-faceted amazon and direct-to-consumer brand owner and innovator in aggregation, today 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 ("eipa") pursuant to which the company sold one hundred percent (100%) of the issued and outstanding equity (the "interests") of its wholly owned subsidiary interactive offers, llc ("interactive") for $1,250,000, subject to certain customary post-closing adjustments.
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