---
schema_version: "secwatch.filing_event.v1"
accession: "0001706524-25-000023"
form_type: "8-K"
ticker: "UGRO"
cik: "0001706524"
company_name: "urban-gro, Inc."
filed_at: "2025-03-21T23:59:59+00:00"
generated_at: "2026-05-24T08:46:11.905156+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001706524-25-000023
- form_type: 8-K
- ticker: UGRO
- cik: 0001706524
- company_name: urban-gro, Inc.
- filed_at: 2025-03-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1706524/000170652425000023/0001706524-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1706524/000170652425000023/ugro-20250318.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001706524-25-000023
- JSON: https://secwatch.observer/filing/0001706524-25-000023.json
- Plain text: https://secwatch.observer/filing/0001706524-25-000023.txt

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