{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-100408","form_type":"8-K","ticker":"UGRO","cik":"0001706524","company_name":"urban-gro, Inc.","filed_at":"2025-10-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.220457+00:00","generated_at":"2026-05-17T03:15:15.686400+00:00","sec_items":["2.04"],"event_type":"litigation","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lender sues urban-gro for breach of contract, fraud; alleges default on $2.1M note","bullets":["Grow Hill, LLC filed lawsuit Oct 14, 2025 in Denver District Court (Case 2025CV33546) for breach of contract and fraud.","Lender claims default on $2.1M promissory note due to missed payments; accelerated all amounts plus 1% default fee.","Company intends to vigorously defend fraud allegation; investigating options to resolve the complaint.","Loan originated Oct 1, 2024 with $100k origination fee; secured by certain assets (excluding subsidiaries)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-100408","json":"https://secwatch.observer/filing/0001213900-25-100408.json","markdown":"https://secwatch.observer/filing/0001213900-25-100408.md","text":"https://secwatch.observer/filing/0001213900-25-100408.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/ea0261809-8k_urbangro.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:15:15.686400+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3cba32a9bd1006803b1452325c11d0ad7f7eef63","claim":"urban-gro, Inc. faced acceleration on loan of $2,100,000 with Grow Hill, LLC.","evidence_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington limited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000 with an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued by the Company to the Lender (the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001213900-26-039579","ticker":"ATLN","company_name":"ATLANTIC INTERNATIONAL CORP.","filed_at":"2026-04-03T23:59:59+00:00","headline":"Atlantic International sues SPP over alleged fabricated default; COO resigns and is terminated for cause","event_type":"litigation","sec_items":["8.01","2.04","5.02"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","same event type: litigation","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-039579","json":"https://secwatch.observer/filing/0001213900-26-039579.json","markdown":"https://secwatch.observer/filing/0001213900-26-039579.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/0001213900-26-039579-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/ea0284949-8k_atlantic.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"SPP Lyneer Term Loan Default Notice By letter dated March 30, 2026, SPP Credit Advisors, LLC. (“SPP”) notified Atlantic International Corp. (the “Company”) and the Lyneer Subsidiaries that certain events of default have occurred and are continuing under Amended and Restated Loan Agreement dated as of April 29, 2025 (the \"Financing Agreement\")","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1605888/000121390026039579/0001213900-26-039579-index.htm"}},{"accession":"0001104659-25-118916","ticker":null,"company_name":"CHARLES & COLVARD LTD","filed_at":"2025-12-05T23:59:59+00:00","headline":"Charles & Colvard receives default notice on $2M note; court orders board election certification","event_type":"litigation","sec_items":["2.04","5.01","5.07","5.02"],"materiality_score":0.7,"calibrated_materiality_score":0.7,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","same event type: litigation","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-118916","json":"https://secwatch.observer/filing/0001104659-25-118916.json","markdown":"https://secwatch.observer/filing/0001104659-25-118916.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1015155/000110465925118916/0001104659-25-118916-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1015155/000110465925118916/tm2532851d1_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"limited liability company. In connection with the Note Purchase Agreement,\nthe Company issued a convertible secured note to the Holder for an aggregate total purchase price of $2.0 million, dated July 3, 2025\nand due and payable on October 3, 2025. On November 25, 2025, the Company received a notice of default from the Holder asserting that\nan event of default by","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1015155/000110465925118916/0001104659-25-118916-index.htm"}},{"accession":"0001493152-26-000161","ticker":"NXXT","company_name":"NEXTNRG, INC.","filed_at":"2026-01-02T23:59:59+00:00","headline":"NextNRG subsidiary sued by lender for default on $5M promissory note","event_type":"litigation","sec_items":["2.04"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","same event type: litigation"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-000161","json":"https://secwatch.observer/filing/0001493152-26-000161.json","markdown":"https://secwatch.observer/filing/0001493152-26-000161.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/form8-k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"As\npreviously disclosed in the Company’s Quarterly Reports on Form 10-Q, the Borrower issued a promissory note dated December 16,\n2024 in the original principal amount of $5.0 million (as amended, the “Note”). The Note initially matured March 31, 2025.\nThe Company negotiated amendments to the Note and extensions through November 1, 2025. The negotiations for","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1817004/000149315226000161/0001493152-26-000161-index.htm"}},{"accession":"0001493152-26-021727","ticker":"RIME","company_name":"Algorhythm Holdings, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Algorhythm Holdings defaults on $1.5M note payment; interest rate rises from 6% to 8%","event_type":"debt","sec_items":["2.04"],"materiality_score":0.65,"calibrated_materiality_score":0.65,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-021727","json":"https://secwatch.observer/filing/0001493152-26-021727.json","markdown":"https://secwatch.observer/filing/0001493152-26-021727.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/923601/000149315226021727/0001493152-26-021727-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/923601/000149315226021727/form8-k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"Obligation or an Obligation under an Off-Balance Sheet Arrangement. On\nMay 2, 2025, Algorhythm Holdings, Inc. (the “Company”) issued a promissory note in the principal amount of $1,750,000 (the\n“Promissory Note”) to SemiCab Inc., a Delaware corporation (the “Seller”), pursuant to an equity purchase agreement\n(the “Equity Purchase Agreement”) among the Company and","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/923601/000149315226021727/0001493152-26-021727-index.htm"}},{"accession":"0001213900-26-051696","ticker":"OLOX","company_name":"OLENOX INDUSTRIES INC.","filed_at":"2026-05-04T23:59:59+00:00","headline":"Subsidiary SG Echo LLC files Chapter 11; Olenox continues normal operations","event_type":"other_material","sec_items":["1.03","2.04","7.01","9.01"],"materiality_score":0.85,"calibrated_materiality_score":0.85,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-051696","json":"https://secwatch.observer/filing/0001213900-26-051696.json","markdown":"https://secwatch.observer/filing/0001213900-26-051696.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1023994/000121390026051696/0001213900-26-051696-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1023994/000121390026051696/ea0289100-8k_olenox.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"The filing of the Chapter 11 Case constitutes an event of default that accelerated obligations under the following material debt instruments and agreements: (i) approximately $4 million (plus any accrued but unpaid interest in respect thereof) under that certain Loan and Security Agreement between SG Echo, LLC and Enhanced Capital Oklahoma Rural Fund, LLC, dated as of September 20, 2024 (the “Enhanced Loan Agreement”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1023994/000121390026051696/0001213900-26-051696-index.htm"}},{"accession":"0001213900-26-051010","ticker":"HLF","company_name":"HERBALIFE LTD.","filed_at":"2026-05-01T23:59:59+00:00","headline":"Herbalife completes $1.45B refinancing, issues $800M 7.75% notes due 2033, redeems 12.25% notes","event_type":"debt","sec_items":["1.01","2.03","2.04","8.01","9.01"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-051010","json":"https://secwatch.observer/filing/0001213900-26-051010.json","markdown":"https://secwatch.observer/filing/0001213900-26-051010.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1180262/000121390026051010/0001213900-26-051010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1180262/000121390026051010/ea0288353-8k_herbalife.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"On April 29, 2026, HLF Financing SaRL, LLC (“HLF Financing”) and Herbalife International, Inc. (“HII” and together with HLF Financing, the “Issuers”), each a wholly owned subsidiary of Herbalife Ltd., a Cayman Islands exempted company incorporated with limited liability (the “Company”), issued $800 million aggregate principal amount of 7.750% Senior Secured Notes due 2033 (the “Notes”) to certain initial purchasers (the “Offering”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1180262/000121390026051010/0001213900-26-051010-index.htm"}},{"accession":"0001683168-26-003395","ticker":"DHTI","company_name":"Dalrada Technology Group, Inc.","filed_at":"2026-05-01T23:59:59+00:00","headline":"Dalrada Technology Group receives default notice; $500K cure payment due May 1","event_type":"debt","sec_items":["2.04"],"materiality_score":0.8,"calibrated_materiality_score":0.8,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-003395","json":"https://secwatch.observer/filing/0001683168-26-003395.json","markdown":"https://secwatch.observer/filing/0001683168-26-003395.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/725394/000168316826003395/0001683168-26-003395-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/725394/000168316826003395/dalrada_8k.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"the “Loan Documents”). The Lender attributes the defaults to the\nborrowers’ failure to make required payments under the Loan Documents. The Lender demands a cure payment of $500,000 no later\nthan May 1, 2026. The notice states that, if the cure payment is not made, the Lender will accelerate the respective balances of the Loans\nand immediately commence","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/725394/000168316826003395/0001683168-26-003395-index.htm"}},{"accession":"0001213900-26-048203","ticker":"SBIG","company_name":"SpringBig Holdings, Inc.","filed_at":"2026-04-28T23:59:59+00:00","headline":"SpringBig receives default notice on $9.8M notes; disputes three claimed events of default","event_type":"debt","sec_items":["2.04"],"materiality_score":0.75,"calibrated_materiality_score":0.75,"match_reasons":["same fact type: debt_financing","same SEC item: 2.04","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-048203","json":"https://secwatch.observer/filing/0001213900-26-048203.json","markdown":"https://secwatch.observer/filing/0001213900-26-048203.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000121390026048203/0001213900-26-048203-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000121390026048203/ea0287909-8k_springbig.htm"},"side_by_side_evidence":{"fact_type":"debt_financing","source_excerpt":"Loan Agreement (the “Loan”) with Grow Hill, LLC, a Washington\nlimited liability company (the “Lender”) pursuant to which the Lender extended to the Company a secured loan of $2,100,000\nwith an origination fee of $100,000, which was added to the amount of the Loan. The Loan is evidenced by a Secured Promissory Note issued\nby the Company to the Lender (the","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm","comparable_excerpt":"exercise any other remedies provided therein. As of April 27, 2026, the\noutstanding amount of the 2024 Secured Term Notes and 2024 Secured Convertible Notes was approximately $1.6 million and $8.2 million,\nrespectively. At this time, the holders of the Notes have not: (i) accelerated or\ndemanded any payment of principal; (ii) foreclosed on all or any part of any","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000121390026048203/0001213900-26-048203-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}