---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-020416"
form_type: "8-K"
ticker: "UGRO"
cik: "0001706524"
company_name: "urban-gro, Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:21:51.633396+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# urban-gro enters forbearance; debt balance rises to $1.38M, issues 37,505 shares to Agile

## Summary
- Forbearance period through March 21, 2026; Agile refrains from remedies for projected defaults.
- Note balance increased from $972,200 to $1,380,524 via $408,324 forbearance fee added to principal.
- Company issues 37,505 shares valued at $2.42 each ($90,762) to reduce Note principal.
- Stock issuance is unregistered, exempt under Section 3(a)(9) of the Securities Act.
- Forbearance fee deemed earned at effective date; no waiver of existing or future defaults.

## SEC filing metadata
- accession: 0001213900-26-020416
- form_type: 8-K
- ticker: UGRO
- cik: 0001706524
- company_name: urban-gro, Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706524/000121390026020416/0001213900-26-020416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706524/000121390026020416/ea0278347-8k_urban.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-020416
- JSON: https://secwatch.observer/filing/0001213900-26-020416.json
- Plain text: https://secwatch.observer/filing/0001213900-26-020416.txt

## Key facts
- Material Agreements
  urban-gro, Inc. entered into Exchange Agreement with Agile Capital Funding, LLC, Agile Lending, LLC valued at $90,762.10 (effective 2026-02-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Agile Capital Funding, LLC, Agile Lending, LLC
  - Value: $90,762.10
  - Effective: 2026-02-19
  source text: Pursuant to the Exchange Agreement, the Company shall issue to Agile 37,505 shares of the Company’s common stock (the “Exchange Shares”), par value $0.001 per share (“Common Stock”), having an aggregate value of $90,762.10 (the “Note Exchange Amount”), with each Exchange Share being valued at $2.42, in exchange for the Note Balance being reduced by an amount equal to the Note Exchange Amount.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706524/000121390026020416/0001213900-26-020416-index.htm
- Material Agreements
  urban-gro, Inc. entered into Forbearance Agreement with Agile Capital Funding, LLC, Agile Lending, LLC valued at $1,380,524.00 (effective 2026-02-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Agile Capital Funding, LLC, Agile Lending, LLC
  - Value: $1,380,524.00
  - Effective: 2026-02-19
  source text: On February 19, 2026, the Parties and urban-gro Canada Technologies Inc., a wholly owned subsidiary of the Company, entered into a forbearance agreement (the “Forbearance Agreement”), pursuant to which Agile agreed to forbear from exercising its rights and remedies available due to any default of the Loan Agreement and the Note by the Company, in exchange for the outstanding balance due under the Note being increased to $1,380,524.00 (the “Note Balance”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1706524/000121390026020416/0001213900-26-020416-index.htm

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