urban-gro, Inc. Reports Accelerated Financial Obligation
Ticker: UGRO · Form: 8-K · Filed: Oct 20, 2025 · CIK: 1706524
| Field | Detail |
|---|---|
| Company | Urban-Gro, Inc. (UGRO) |
| Form Type | 8-K |
| Filed Date | Oct 20, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $2,100,000, $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
Related Tickers: URBN
TL;DR
URBN just dropped an 8-K about an accelerated financial obligation - could be a big deal for their cash.
AI Summary
On October 14, 2025, urban-gro, Inc. filed an 8-K to report a triggering event that accelerates or increases a direct financial obligation. The filing indicates a change in financial obligations, though specific details of the obligation, the counterparty, and the exact acceleration or increase amount are not provided in this excerpt.
Why It Matters
This filing signals a potential change in urban-gro's financial commitments, which could impact its liquidity and future financial health.
Risk Assessment
Risk Level: medium — Filings related to accelerated financial obligations can indicate financial distress or significant changes in debt structure, warranting closer examination.
Key Players & Entities
- urban-gro, Inc. (company) — Registrant
- October 14, 2025 (date) — Earliest event reported
- 1751 Panorama Point, Unit G Lafayette, Colorado 80026 (address) — Principal executive offices
- 001-39933 (company_id) — Commission File Number
- 46-5158469 (company_id) — IRS Employer Identification No.
FAQ
What specific financial obligation is being accelerated or increased by urban-gro, Inc.?
The provided excerpt of the 8-K filing does not specify the exact financial obligation that is being accelerated or increased.
Who is the counterparty to this financial obligation?
The filing excerpt does not identify the other party involved in the financial obligation.
What is the amount of the acceleration or increase in the financial obligation?
The specific dollar amount of the acceleration or increase is not detailed in this portion of the filing.
What is the reason for the acceleration or increase of the financial obligation?
The excerpt does not provide the underlying cause or reason for the change in the financial obligation.
When did the event triggering the acceleration or increase of the obligation occur?
The earliest event reported that triggers this acceleration or increase occurred on October 14, 2025.
Filing Stats: 584 words · 2 min read · ~2 pages · Grade level 13.7 · Accepted 2025-10-20 17:00:25
Key Financial Figures
- $0.001 — ch registered Common stock, par value $0.001 per share UGRO The Nasdaq Stock Mar
- $2,100,000 — tended to the Company a secured loan of $2,100,000 with an origination fee of $100,000, wh
- $100,000 — f $2,100,000 with an origination fee of $100,000, which was added to the amount of the L
Filing Documents
- ea0261809-8k_urbangro.htm (8-K) — 24KB
- 0001213900-25-100408.txt ( ) — 185KB
- ugro-20251014.xsd (EX-101.SCH) — 3KB
- ugro-20251014_lab.xml (EX-101.LAB) — 33KB
- ugro-20251014_pre.xml (EX-101.PRE) — 22KB
- ea0261809-8k_urbangro_htm.xml (XML) — 4KB
04
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. As previously disclosed, October 1, 2024, urban-gro, Inc. (the "Company") entered into an asset based term Loan Agreement (the "Loan") with Grow Hill, LLC, a Washington limited liability company (the "Lender") pursuant to which the Lender extended to the Company a secured loan of $2,100,000 with an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued by the Company to the Lender (the "Promissory Note"). The Lender received a security interest in certain of the Company's assets pursuant to a security agreement between the Company and the Lender (the "Security Agreement"), which does not include any assets of the Company's subsidiaries. On October 14, 2025, the Company received service of process for a lawsuit filed by the Lender against the Company in the District Court for the City and County of Denver, Colorado (Case No. 2025CV33546) (the "Complaint") alleging breach of contract and fraud. Pursuant the Complaint, the Lender stated that the Company is in default under the Promissory Note due to a failure to timely make payments, and elected to accelerate all amounts due under the Promissory Note, including a default fee equal to 1% of the outstanding principal amount. The Company is currently investigating available options to resolve the Complaint and intends to vigorously defend the allegation of fraud. 1
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. URBAN-GRO, INC. Date: October 20, 2025 By: /s/ Bradley Nattrass Name: Bradley Nattrass Title: Chairman and Chief Executive Officer 2