2 unchanged sentences
The Company is not involved in any pending legal proceeding or litigation, and, to the best of its knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of our properties are subject, which would reasonably be likely to have a material adverse effect on the Company, other than the following:
−Removed: On April 7, 2025, Bloomios, Inc., Infused Confections, LLC and Infusionz, LLC (collectively, the “Plaintiffs”), filed an action against the Company and each of its executive officers and directors, and Grove, Inc., which is the Company’s prior name.
+Added: On November 26, 2025, Upexi, Inc.
+Added: (“Upexi”) filed for arbitration against GSR Strategies LLC (“GSR”).
+Added: The case is presently in active arbitration and is styled Upexi, Inc.
+Added: GSR Strategies LLC, American Arbitration Association.
+Added: The action stems from an Asset Management Agreement entered between Upexi and GSR effective April 23, 2025 (the “AMA”) and principally relates to the rights and obligations of the parties under the AMA, which was terminated by GSR effective December 26, 2025.
+Added: Upexi seeks an award concluding the AMA be held void ab initio and various declaratory judgments regarding Upexi’s rights under the AMA while GSR through its counterclaims seeks monetary damages and indemnification.
+Added: Upexi is vigorously prosecuting its claims and defending against all counterclaims by GSR.
+Added: On or about April 7, 2025, Bloomios, Inc., Infused Confections, LLC and Infusionz, LLC (collectively, the “Plaintiffs”), filed an action against the Company and each of its executive officers and directors, and Grove, Inc., which is the Company’s prior name.
The action stems from Bloomios’ acquisition of Infusionz from the Company in October 2022.
3 unchanged sentences
The Company intends to seek reimbursement of all attorneys’ fees as a result of the false statements made by the Plaintiffs in the complaint.
−Removed: On December 20, 2024 MVW Holdings filed a lawsuit against E-Core Technology, Inc., an entity formerly owned by the Company, and also named the Company as a defendant.
−Removed: The lawsuit alleges trade dress infringement for certain packaging used by E-Core for a limited number of products.
−Removed: The Company denies all liability for the alleged conduct and no longer owns E-Core.
+Added: On December 20, 2024 MVW Holdings filed a lawsuit against E-Core Technology, Inc.
+Added: and named the Company as a defendant in a trade-dress lawsuit involving limited versions of products sold by E-Core.
+Added: While E-Core Technology, Inc.
+Added: is no longer owned by the Company, MVW continues to pursue claims against the Company.
On September 6, 2024, Eric Hanig filed suit against the Company and Cygnet Online, LLC in state court in Nevada for an alleged failure to pay $300,000 pursuant to a Letter Agreement.
8 unchanged sentences
The Company is not a party to this arbitration.
+Added: The final hearing was held December 1-3 and a decision is anticipated in March 2026.
+Added: Other than the foregoing, the Company is not involved in any pending legal proceeding or litigation, and, to the best of its knowledge, no governmental authority is contemplating any proceeding to which we are a party or to which any of its properties is subject, which would reasonably be likely to have a material adverse effect on the Company.
As a “smaller reporting company”, the Company is not required to provide the information required by this item.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.