Upexi Files litigation in Nevada as first Step in Determining Manipulation of Fractional Share Roundups during Reverse Stock Split [Yahoo! Finance]
Upexi, Inc. (UPXI)
Company Research
Source: Yahoo! Finance
brand owner and innovator in aggregation, announces the Company has filed a complaint in the United States District Court for the District of Nevada to pursue the groups and individuals who orchestrated the manipulative and fraudulent activity in the shares round-up scheme related to Upexi's reverse stock split. Upexi anticipates that the court, through the discovery process, will enable the Company to determine who are the individuals owning the accounts and engaged in the manipulative trading transactions within those accounts in connection with and around the announcement and effective date of Upexi's reverse stock split. The Company and its legal team will pursue aggressively obtaining the relief that it seeks in the Complaint. The Company previously announced the reverse stock split. Several weeks subsequent to the effective date, the financial institutions where the suspect trading took place requested 202,183 round-up shares, which represented more than a 19% dilution to our
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UPXI
News
- Upexi Regains Compliance with NASDAQ [Yahoo! Finance]Yahoo! Finance
- Upexi Regains Compliance with NASDAQAccesswire
- Mangoceuticals, Inc. Initiates Investigation into Potential Stock Manipulation Scheme Following Recent Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
- Upexi Files litigation in Nevada as first Step in Determining Manipulation of Fractional Share Roundups during Reverse Stock Split Accesswire
- Upexi Recieves Notice from The Nasdaq Stock Market [Yahoo! Finance]Yahoo! Finance
UPXI
Sec Filings
- 12/23/24 - Form 8-K
- 12/19/24 - Form 10-Q
- 12/16/24 - Form 10-K
- UPXI's page on the SEC website