Urban-Gro amends $10M credit line with Gemini; extends draw to Jan 2026, interest 1.75%/mo, issues 150k shares as fee

urban-gro, Inc.

Waived potential defaults on missed Feb 2025 interest payment and accounts receivable covenant through April 15, 2025.
Interest rate increased to 1.75% per month (approx. 21% annualized) on outstanding principal.
Draw period under $10M revolving facility extended to January 1, 2026.
New covenant: eligible accounts receivable must equal or exceed 125% of drawn amounts plus interest, measured monthly from April 15.
Issued 150,000 shares of common stock to Gemini as non-refundable amendment fee (unregistered, accredited investor).

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