secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2026-04-24T23:59:59+00:00
Accession:  0001213900-26-047598
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

urban-gro restructures ~$1.94M debt with Hudson; forbearance until Apr 30, share exchange
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- Outstanding loan ~$1.94M was in default; principal increased to $2.8M under forbearance agreement.
- Hudson Global Ventures became lender after Grow Hill assigned loan documents on April 20.
- Forbearance period runs to earlier of Apr 30, 2026 or termination events; fees capitalized.
- Exchange Agreement: Hudson to receive free-trading common shares in exchange for partial debt reduction.
- Holding period for shares tacks to Oct 1, 2024 for Rule 144 resale without volume/manner limits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026047598/0001213900-26-047598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026047598/ea0287708-8k_urban.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-047598

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