urban-gro, Inc. (UGRO): debt financing — urban-gro settles HVAC equipment dispute with $395,556 note and 150,000 shares

urban-gro, Inc.

Settlement resolves nonpayment of $326,358.52 second installment for Trane HVAC equipment ordered June 2023.
Issued 8-month promissory note for $395,556 at 12% interest; seven $50k payments, final $64,046.95.
Issued 150,000 unregistered shares of common stock to J Brrothers, exempt under Section 4(a)(2) and Regulation D.
Note may be prepaid without penalty; default interest rate of 17%.
Agreement includes mutual release, confidentiality, and acknowledgment of urban-gro's responsibility.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

urban-gro, Inc. incurred loan of $395,556.00 with J Brrothers LLC at 12% maturing March 18, 2026.

Instrument: loan
Principal: $395,556.00
Counterparty: J Brrothers LLC
Rate: 12%
Maturity: March 18, 2026
Event: incurrence

Exact text from the filing

the Company issued a promissory note to J Brrothers with an original principal amount of $395,556.00 (the “Note”)

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8 debt financings filed in the last 30 days. Browse all debt financings →

urban-gro, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-075804

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