Monitor first Advisory Fee Share issuance around mid-July 2026 to quantify actual share dilution. Track any follow-on capital raises or strategic transactions that Hivemind may facilitate. The 9.99% cap limits Hivemind's accumulation but does not cap total dilution, which could grow if market cap increases.
Price Chart
Executive Summary
Upexi (UPXI) entered into a 3-year advisory agreement with Hivemind Capital Partners, paying a 1.25% annual fee in stock (0.3125% quarterly of market cap). The first issuance occurs around July 15, 2026. The arrangement creates ongoing dilution proportional to market cap, and Hivemind receives registration rights to resell shares. The deal provides strategic capital-markets advice but locks in significant equity-based compensation, increasing shareholder dilution over time.
Key Facts
- 3-year advisory agreement with Hivemind Capital Partners, effective June 22, 2026
- Quarterly fee of 0.3125% of market cap payable in stock (1.25% annual)
- First Measurement Date June 30, 2026; first share issuance due within 15 days
- 9.99% beneficial ownership cap on Hivemind; excess fees paid in cash
- Hivemind receives customary registration rights on S-3 (or S-1) within 30 days of issuance
- No financials or revenue/earnings data reported in this filing
Financial Impact
Annual equity cost of 1.25% of market cap (~$700K/yr on $56M market cap); actual dilution depends on stock price each quarter
Risk Factors
- Significant equity-based compensation diluting existing shareholders on a recurring quarterly basis
- Hivemind receiving registration rights allows for rapid resale, adding near-term selling pressure
- Uncertainty about the value of advisory services relative to cost; no performance milestones in agreement
- No financial statements provided; inability to assess company's underlying financial health
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-004015 |
| Document: upxi_8k.htm | 0001477932-26-004015 |
| Document: 0001477932-26-004015-index-headers.html | 0001477932-26-004015 |
| Document: 0001477932-26-004015-index.html | 0001477932-26-004015 |
| Document: 0001477932-26-004015.txt | 0001477932-26-004015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 8-K | $1.03 | awaiting T+20 | — | $0.8241 (−19.99%) |
Oct 13, 2026 13d ago | DEF 14A | $1.03 | awaiting T+20 | — | $0.8241 (+19.99%) |
Oct 7, 2026 19d ago | 8-K | $1.08 | awaiting T+20 | — | $0.8241 (−23.69%) |
Sep 17, 2026 5w ago | 8-K | $1.19 $0.9739 | ▲ +18.16% | ▲ +18.36% | $0.8241 (+30.75%) |
Sep 17, 2026 5w ago | Press Release | $1.19 $0.9740 | ▲ +18.15% | ▲ +18.36% | $0.8241 (+30.75%) |
Sep 14, 2026 6w ago | 8-K | $1.04 $1.08 | ▲ +4.35% | ▲ +1.37% | $0.8241 (−20.38%) |
Jul 17, 2026 14w ago | EFFECT | $0.8046 $0.7475 | ▼ −7.10% | ▼ −11.54% | $0.8241 (+2.42%) |
Jun 30, 2026 16w ago | 8-K | $0.8951 $0.7935 | ▼ −11.35% | ▼ −9.16% | $0.8241 (−7.93%) |
Jun 30, 2026 17w ago | Press Release | $0.7842 $0.8483 | ▲ +8.17% | ▲ +9.20% | $0.8241 (+5.09%) |
Jun 26, 2026 17w ago | 8-K | $0.8300 $0.8002 | ▲ +3.59% | ▲ +3.31% | $0.8241 (+0.71%) |
US Market Status
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