Upexi investigates potential stock manipulation after 12-for-1 reverse stock split and increased trading activity.

Upexi, Inc. (NASDAQ: UPXI) is investigating potential stock manipulation linked to its recent 12-for-1 reverse stock split. Following the split announcement, five brokerage firms requested 199,059 shares, representing about 19% of the company's outstanding stock and a significant increase in shareholders. The unusual trading activity prompted Upexi's legal team to review the situation. CEO Allan Marshall emphasized the company's commitment to protecting shareholders and preventing future issues.