8-K
filed April 14, 2026, 7:59 PM ET
ticker UGRO
CIK 0001706524
debt
confidence high
sentiment negative
materiality 0.75
urban-gro, Inc. (UGRO): debt financing — Urban-gro raises $2.025M via 12% secured convertible note with warrants
urban-gro, Inc.
- First tranche principal $2,225,495; net proceeds ~$2M after $25K legal fee withheld.
- Note convertible at lesser of $36/share or 80% of 3-lowest VWAPs over prior 10 days.
- Issued warrants: 154,166 shares at $18 strike and 26,000 pre-funded at $0.01 per share.
- Second tranche up to $549,505 principal for $500K, conditional on filing 10-K by April 27.
- Note secured by substantially all assets, junior to existing $2M senior debt to Grow Hill.
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 convertible notes of up to $2,775,000 with Agile Hudson Partners LLC at 12% maturing twelve (12) months from the date the applicable purchase price for such tranche is funded.
- Instrument
- convertible notes
- Principal
- up to $2,775,000
- Counterparty
- Agile Hudson Partners LLC
- Rate
- 12%
- Maturity
- twelve (12) months from the date the applicable purchase price for such tranche is funded
- Event
- incurrence
Exact text from the filing
On April 7, 2026, Urban-gro, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Agile Hudson Partners LLC (the “Buyer”), pursuant to which the Buyer agreed to purchase, and the Company agreed to issue and sell to the Buyer, a 12% secured promissory note (the “Note”) in an aggregate principal amount of up to $2,775,000, at an aggregate purchase price of up to $2,525,000, in one or more tranches.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
urban-gro, Inc. issued 154,166 shares of Common Stock of warrant to Agile Hudson Partners LLC.
- Security
- warrant
- Shares
- 154,166 shares of Common Stock
- Purchaser
- Agile Hudson Partners LLC
Exact text from the filing
In connection with the funding of the First Tranche, the Company issued to the Buyer (i) a Common Stock purchase warrant to purchase up to 154,166 shares of Common Stock at an initial exercise price of $18.00 per share (the “First Warrant”) and (ii) a pre-funded Common Stock purchase warrant to purchase up to 26,000 shares of Common Stock at an initial exercise price of $0.01 per share (the “Second Warrant,” and together with the First Warrant, the “Warrants”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
urban-gro, Inc. issued 26,000 shares of Common Stock of warrant to Agile Hudson Partners LLC.
- Security
- warrant
- Shares
- 26,000 shares of Common Stock
- Purchaser
- Agile Hudson Partners LLC
Exact text from the filing
In connection with the funding of the First Tranche, the Company issued to the Buyer (i) a Common Stock purchase warrant to purchase up to 154,166 shares of Common Stock at an initial exercise price of $18.00 per share (the “First Warrant”) and (ii) a pre-funded Common Stock purchase warrant to purchase up to 26,000 shares of Common Stock at an initial exercise price of $0.01 per share (the “Second Warrant,” and together with the First Warrant, the “Warrants”).
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
urban-gro, Inc. issued convertible note to Agile Hudson Partners LLC for $2,025,000.
- Security
- convertible note
- Purchaser
- Agile Hudson Partners LLC
- Consideration
- $2,025,000
Exact text from the filing
Pursuant to the Purchase Agreement, the Buyer funded the first tranche in the original principal amount of $2,225,495.05 (the “First Tranche”) for a purchase price of $2,025,000 (the “Purchase Price”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
urban-gro, Inc. entered into Securities Purchase Agreement with Agile Hudson Partners LLC valued at aggregate principal amount of up to $2,775,000 (effective 2026-04-07).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Agile Hudson Partners LLC
- Value
- aggregate principal amount of up to $2,775,000
- Effective
- 2026-04-07
Exact text from the filing
On April 7, 2026, Urban-gro, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Agile Hudson Partners LLC (the “Buyer”), pursuant to which the Buyer agreed to purchase, and the Company agreed to issue and sell to the Buyer, a 12% secured promissory note (the “Note”) in an aggregate principal amount of up to $2,775,000
View on SEC.gov
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