---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-095792"
form_type: "8-K"
ticker: "UGRO"
cik: "0001706524"
company_name: "urban-gro, Inc."
filed_at: "2025-10-03T23:59:59+00:00"
generated_at: "2026-05-17T04:47:59.161802+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# urban-gro settles Gemini lawsuit; will issue up to 19.99% of stock to resolve $1.49M claim

## Summary
- Settlement resolves $1.49M claim from Gemini after UG Construction defaulted on $10M credit line.
- Up to 2.59M shares (19.99% of outstanding) to be issued via court-approved Section 3(a)(10) exemption.
- Gemini limited to 4.99% beneficial ownership cap; must sell no more than 10% of daily volume.
- Foreclosure sale of UG Construction assets occurred Sept 4, 2025; Gemini acquired them for $450k.
- Litigation dismissed with prejudice after last share issuance; mutual release of claims.

## SEC filing metadata
- accession: 0001213900-25-095792
- form_type: 8-K
- ticker: UGRO
- cik: 0001706524
- company_name: urban-gro, Inc.
- filed_at: 2025-10-03T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706524/000121390025095792/0001213900-25-095792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706524/000121390025095792/ea0259797-8k_urban.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-095792
- JSON: https://secwatch.observer/filing/0001213900-25-095792.json
- Plain text: https://secwatch.observer/filing/0001213900-25-095792.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.