urban-gro receives Nasdaq delisting notice; subsidiary faces asset sale to cover $1.76M default

urban-gro, Inc.

Nasdaq determined company failed to file FY2024 10-K and Q1/Q2 2025 10-Qs by Aug 15, 2025 extended deadline.
Stockholders' equity below $2.5M minimum; trading suspension set for Aug 27, 2025 unless appeal is granted.
Subsidiary UG Construction defaulted on $1.76M line of credit; lender to auction substantially all assets on Sep 4, 2025.
Company to appeal delisting and request stay; no assurance of regaining compliance with Nasdaq rules.
Turnaround plan includes $10M annualized cost savings and LOI to divest GA Architecture asset.

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