secwatch.observer — SEC 8-K summary
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Issuer:     urban-gro, Inc. (UGRO)
CIK:        0001706524
Form:       8-K
Filed at:   2026-08-05T12:42:52+00:00
Accession:  0001213900-26-085414
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flash Sports & Media signs term sheet to acquire 51% of Bongo for ~$25.7M; Bongo has ~$10M revenue
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- Pre-money valuation of Bongo at $35M; total consideration ~$25.7M (60% cash, 40% FLZH stock).
- Earnout up to $12M over 3 years for Bongo management based on revenue and EBITDA targets.
- Bongo reaches 300M+ viewers, 73M social followers; expects positive EBITDA post-closing.
- Target closing date September 15, 2026; term sheet non-binding except exclusivity and expense reimbursement.
- Stockholder approval required if FLZH shares issued exceed 19.99% of outstanding common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026085414/0001213900-26-085414-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1706524/000121390026085414/ea0300599-8k_flash.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-085414

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