litigation
confidence high
sentiment neutral
materiality 0.45
Urban-Gro settles shareholder lawsuit with cash payment and warrant issuance
urban-gro, Inc.
- Settlement with Robert Pullar resolves lawsuit filed May 5, 2022; no admission of liability.
- Company to pay cash and issue warrant to purchase 75,000 shares at $1.00 per share.
- Parties will file motion to dismiss litigation with prejudice upon payment.
- Warrant issued under Regulation D Rule 506(b) to accredited investor; shares unregistered.