secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001213900-25-061085
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

urban-gro enters $1.05M term loan with Agile Lending, 28-week maturity
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- Term loan of $1,050,000 from Agile Lending, effective June 24, 2025, for general business requirements.
- Administrative agent fee of $50,000 added to principal; 28-week maturity from effective date.
- Prepayment requires premium equal to aggregate interest through maturity; discounted fee for prepayment within 60 days.
- Upon default, lenders obtain security interest in certain assets; default rate adds 5% to interest.
- Loan is secured by promissory note; subsidiaries guarantee jointly and severally.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000121390025061085/0001213900-25-061085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000121390025061085/ea0248068-8k_urban.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-061085

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