urban-gro, Inc. Files 8-K: Material Agreement & Equity Sales

Ticker: UGRO · Form: 8-K · Filed: 2025-03-21T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, financial-obligation

Related Tickers: UGRO

TL;DR

URBAN-GRO SIGNED A BIG DEAL & SOLD STOCK - CHECK THE DETAILS

AI Summary

On March 18, 2025, urban-gro, Inc. entered into a Material Definitive Agreement, creating a direct financial obligation. The company also reported unregistered sales of equity securities. Specific details regarding the agreement and sales were filed with the SEC.

Why It Matters

This filing indicates urban-gro, Inc. has entered into a significant financial agreement and has issued new equity, which could impact its financial structure and stock value.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement and unregistered sales of equity, which can introduce financial obligations and dilution risks.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the Material Definitive Agreement entered into by urban-gro, Inc. on March 18, 2025?

The filing indicates the entry into a Material Definitive Agreement and the creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement, but specific terms are detailed within the agreement itself, which is an exhibit.

What were the details of the unregistered sales of equity securities by urban-gro, Inc.?

The filing confirms unregistered sales of equity securities occurred, but the specific number of shares, price, and purchasers are not detailed in the summary section and would be found in the relevant exhibit.

What is the company's principal executive office address?

The principal executive offices of urban-gro, Inc. are located at 1751 Panorama Point, Unit G, Lafayette, Colorado 80026.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on March 18, 2025.

What is urban-gro, Inc.'s fiscal year end?

urban-gro, Inc.'s fiscal year ends on December 31.

From the Filing

0001706524-25-000023.txt : 20250321 0001706524-25-000023.hdr.sgml : 20250321 20250321165758 ACCESSION NUMBER: 0001706524-25-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250318 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250321 DATE AS OF CHANGE: 20250321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: urban-gro, Inc. CENTRAL INDEX KEY: 0001706524 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 465158469 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39933 FILM NUMBER: 25761378 BUSINESS ADDRESS: STREET 1: 1751 PANORAMA PT STREET 2: UNIT G CITY: LAFAYETTE STATE: CO ZIP: 80026 BUSINESS PHONE: 720-390-3880 MAIL ADDRESS: STREET 1: 1751 PANORAMA PT STREET 2: UNIT G CITY: LAFAYETTE STATE: CO ZIP: 80026 8-K 1 ugro-20250318.htm 8-K ugro-20250318 false 0001706524 0001706524 2024-06-26 2024-06-26 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 18, 2025 URBAN-GRO, INC. (Exact name of registrant as specified in its charter) Delaware 001-39933 46-5158469 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 1751 Panorama Point , Unit G Lafayette , Colorado 80026 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (720) 390-3880 Not applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common stock, par value $0.001 per share UGRO The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 1.01.    Entry into a Material Definitive Agreement. As previously reported, on December 12, 2023, UG Construction, Inc. d/b/a Emerald Construction Management, Inc. (“ UG Construction ”), a wholly owned subsidiary of urban-gro, Inc. (the “ Company ”), entered into (i) an interest only asset based revolving loan agreement (the “ Loan Agreement ”) with Gemini Finance Corp. (“ Lender ”) pursuant to which Lender extended to the Company a secured line of credit in an amount not to exceed $10,000,000, to be used to assist UG Construction and the Company with cash management, and (ii) a Secured Promissory Note - Revolving issued by UG Constr

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