UPEXI, INC. Changes Independent Auditor
Ticker: UPXI · Form: 8-K · Filed: May 28, 2024 · CIK: 1775194
| Field | Detail |
|---|---|
| Company | Upexi, Inc. (UPXI) |
| Form Type | 8-K |
| Filed Date | May 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
UPEXI swapped auditors, ditching BF Borgers for MaloneBailey.
AI Summary
UPEXI, INC. announced on May 22, 2024, a change in its certifying accountant. The company has dismissed its former independent registered public accounting firm, BF Borgers CPA, PC, and has appointed MaloneBailey, LLP as its new independent registered public accounting firm, effective May 22, 2024. This change is effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact stock price.
Key Players & Entities
- UPEXI, INC. (company) — Registrant
- BF Borgers CPA, PC (company) — Former independent registered public accounting firm
- MaloneBailey, LLP (company) — New independent registered public accounting firm
- May 22, 2024 (date) — Date of auditor change
FAQ
When was the change in UPEXI, INC.'s certifying accountant effective?
The change in UPEXI, INC.'s certifying accountant was effective May 22, 2024.
Who was UPEXI, INC.'s former independent registered public accounting firm?
UPEXI, INC.'s former independent registered public accounting firm was BF Borgers CPA, PC.
Who is UPEXI, INC.'s new independent registered public accounting firm?
UPEXI, INC.'s new independent registered public accounting firm is MaloneBailey, LLP.
Did UPEXI, INC. have any disagreements with BF Borgers CPA, PC?
The filing does not state any disagreements between UPEXI, INC. and its former accountant, BF Borgers CPA, PC.
What is the effective date of the appointment of MaloneBailey, LLP?
The appointment of Malone Bailey, LLP as UPEXI, INC.'s new independent registered public accounting firm is effective May 22, 2024.
Filing Stats: 491 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-05-28 16:05:27
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 UPXI NASDAQ Indicate by check mar
Filing Documents
- upxi_8k.htm (8-K) — 23KB
- 0001477932-24-003332.txt ( ) — 147KB
- upxi-20240522.xsd (EX-101.SCH) — 6KB
- upxi-20240522_lab.xml (EX-101.LAB) — 15KB
- upxi-20240522_cal.xml (EX-101.CAL) — 1KB
- upxi-20240522_pre.xml (EX-101.PRE) — 9KB
- upxi-20240522_def.xml (EX-101.DEF) — 2KB
- upxi_8k_htm.xml (XML) — 4KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. (b) Engagement of New Independent Registered Public Accounting Firm On May 14, 2024, GBQ Partners LLC ("GBQ") was appointed by the Audit Committee of Upexi, Inc. (the "Company") as the Company's independent registered public accounting firm, to audit the Company's consolidated financial statements as of and for the fiscal years ended June 30, 2023 and 2024, subject to customary client acceptance procedures. On May 22, 2024, RBSM completed such procedures, formally accepted its appointment by executing an engagement letter with the Company and issued its independence letter to the Company's Audit Committee. During the two most recent fiscal years and through May 22, 2024, the Company had not consulted with GBQ regarding any matter that was the subject of a disagreement or a reportable event described in Items 304(a)(1)(iv) or (v), respectively, of Regulation S-K. 2
SIGNATURES
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: May 28, 2024 /s/ Andrew J. Norstrud Name: Andrew J. Norstrud Title: Chief Financial Officer 3