---
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"
generated_at: "2026-06-07T11:21:26.344829+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# urban-gro secures $10M interest-only ABL facility; replaces prior undrawn $8M facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-045198
- JSON: https://secwatch.observer/filing/0001493152-23-045198.json
- Plain text: https://secwatch.observer/filing/0001493152-23-045198.txt

## Key facts
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: $10,000,000
  - Counterparty: Gemini Finance Corp.
  - Rate: monthly rate of one and seventy-five hundredths percent (1.75%)
  - Maturity: September 12, 2024
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1706524/000149315223045198/0001493152-23-045198-index.htm
- Material Agreements
  urban-gro, Inc. entered into Line of Credit with Gemini Finance Corp. valued at $10,000,000 (effective 2023-12-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Gemini Finance Corp.
  - Value: $10,000,000
  - Effective: 2023-12-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1706524/000149315223045198/0001493152-23-045198-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.