secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2026-06-24T20:37:45+00:00
Accession:  0001213900-26-071520
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flash Sports & Media enters $880K convertible note financing with FirstFire Global
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- Issued $880K principal convertible note at $800K purchase price ($80K OID) bearing 10% annual interest.
- Note matures June 2027, convertible at $5.00/share, subject to 4.99% beneficial ownership cap and exchange cap of 10.69M shares.
- Monthly amortization payments begin 180 days after closing; prepayment allowed with premium; default amount 150% of principal.
- Issued 10,000 commitment shares as additional consideration; $7,500 withheld for buyer's legal fees.
- Proceeds for business development and working capital; stockholder approval required under Nasdaq Rule 5635(d) for conversions above exchange cap.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026071520/0001213900-26-071520-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026071520/ea0295835-8k_flash.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-071520

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