{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-045198","form_type":"8-K","ticker":"UGRO","cik":"0001706524","company_name":"urban-gro, Inc.","filed_at":"2023-12-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.120085+00:00","generated_at":"2026-06-07T11:21:26.344829+00:00","sec_items":["1.01","2.03","3.02","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"urban-gro secures $10M interest-only ABL facility; replaces prior undrawn $8M facility","bullets":["urban-gro subsidiary UG Construction secures $10M interest-only ABL from Gemini Finance Corp.","Interest rate 1.75% per month; initial term to Sept 2024, auto-extend to May 2025.","Placement agent Bancroft Capital receives $200K cash and $200K warrants at closing; additional same if draws exceed $4.5M.","Prior $8M receivables facility never drawn and will not be used; new ABL supports working capital for larger contracts.","CEO says ABL provides non-dilutive financial flexibility for growth trajectory."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-045198","json":"https://secwatch.observer/filing/0001493152-23-045198.json","markdown":"https://secwatch.observer/filing/0001493152-23-045198.md","text":"https://secwatch.observer/filing/0001493152-23-045198.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1706524/000149315223045198/0001493152-23-045198-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1706524/000149315223045198/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T11:21:26.344829+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4c6499eda4666423e3cc2c7f32bf49cdd1b15055","claim":"urban-gro, Inc. incurred revolving credit of $10,000,000 with Gemini Finance Corp. at monthly rate of one and seventy-five hundredths percent (1.75%) maturing September 12, 2024.","evidence_excerpt":"On December 13, 2023, UG Construction, Inc. d/b/a Emerald Construction Management, Inc. (“ UG Construction ”), a wholly owned subsidiary of urban-gro, Inc. (the “ Company ”), entered into an interest only asset based revolving Loan Agreement (the “ Line of Credit ”) with Gemini Finance Corp. (“ Lender ”) pursuant to which Lender extended to the Company a secured line of credit in an amount not to exceed $10,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000149315223045198/0001493152-23-045198-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$10,000,000"},{"label":"Counterparty","value":"Gemini Finance Corp."},{"label":"Rate","value":"monthly rate of one and seventy-five hundredths percent (1.75%)"},{"label":"Maturity","value":"September 12, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"848ce902d1f7ff29fefbe1c6aaebb3e528e778de","claim":"urban-gro, Inc. entered into Line of Credit with Gemini Finance Corp. valued at $10,000,000 (effective 2023-12-13).","evidence_excerpt":"entered into an interest only asset based revolving Loan Agreement (the “ Line of Credit ”) with Gemini Finance Corp. (“ Lender ”) pursuant to which Lender extended to the Company a secured line of credit in an amount not to exceed $10,000,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1706524/000149315223045198/0001493152-23-045198-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Gemini Finance Corp."},{"label":"Value","value":"$10,000,000"},{"label":"Effective","value":"2023-12-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}