secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001213900-26-043145
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban-gro raises $2.025M via 12% secured convertible note with warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026043145/0001213900-26-043145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026043145/ea0286170-8k_urban.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-043145

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer