secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001213900-25-072572
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

UGRO subsidiary gets default notice on $1.76M credit line; full payment demanded
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- On July 31, 2025, Gemini Finance Corp. issued default notice to UG Construction for failing to submit receivables calculations and maintain sufficient eligible accounts.
- Outstanding ~$1.76M under $10M line of credit declared immediately due; default interest of 1% per week accruing from June 16, 2025.
- Lender threatens legal action if payment not received by August 8, 2025. Company investigating options to settle.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000121390025072572/0001213900-25-072572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000121390025072572/ea0251898-8k_urban.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-072572

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer