urban-gro, Inc.
0.3750-0.00 (-0.4%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · UGRO · USD
Key Stats
Market Cap
4.82MP/E (TTM)
-Basic EPS (TTM)
-1.05Dividend Yield
0%Recent Filings
8-K
Lender sues urban-gro over loan default
Urban-gro faces a lawsuit from lender Grow Hill over its $2.1 million secured loan, triggered by missed payments that accelerated the full amount due plus a 1% default fee. Filed October 14, 2025, in Denver court, the complaint alleges breach and fraud. The company plans a vigorous defense while exploring resolutions. This dispute risks asset seizure, excluding subsidiaries.
8-K
Urban-gro agrees to Flash merger
Urban-gro entered a binding letter of intent on October 14, 2025, to merge with Flash Sports & Media, Inc., via a two-step process involving newly formed subsidiaries. Flash stockholders will receive shares equaling 19.99% of urban-gro's common stock pre-merger plus non-voting preferred stock, positioning them to own about 90% post-conversion after stockholder approval. The deal includes a $200,000 deposit from Flash, a 1-for-15 reverse stock split, and a name change to Flash Sports & Media Holdings, Inc. This reverse merger hands control to Flash while urban-gro sheds pre-merger assets within 90 days.
8-K
Urban-gro settles lender dispute
Urban-gro settled a lawsuit with Gemini Finance over a $1.486 million claim tied to subsidiary UG Construction's default on a $10 million line of credit, following a September 4, 2025, asset foreclosure for $450,000. The deal calls for issuing unregistered common stock shares—capped at 19.99% of outstanding—to yield net proceeds matching the claim after court approval under Section 3(a)(10). This resolves litigation but dilutes shareholders. Lawsuit dismissal follows final share tranche.
8-K
Urban-gro divests non-CEA assets
Urban-gro subsidiaries sold non-CEA architectural and construction assets to 2WR Holdco for $2.0 million in cash, net of a $500,000 deposit and assumed debt, on August 27, 2025, streamlining focus on controlled environment agriculture. Yet Nasdaq rejected compliance with the $1.00 minimum bid price by August 25, 2025, alongside filing delays and sub-$2.5 million equity, setting a delisting hearing for October 7. CEO Bradley Nattrass cut his salary to $350,000 annually through November 30, 2025, to trim costs. Director Lewis Wilks resigned August 26 amid his stake in the buyer.
8-K
Nasdaq delisting threat escalates
Urban-gro faces Nasdaq delisting after failing to file its 2024 10-K and Q1/Q2 2025 10-Qs, while also breaching the $2.5 million minimum stockholders' equity rule. The company plans to appeal by August 25, 2025, seeking a stay to keep trading alive. Amid this, a lender will foreclose on subsidiary UG Construction's assets on September 4, 2025, over a $1.76 million defaulted line of credit. Urban-gro pushes cost cuts yielding over $10 million in annual savings and explores funding, but success remains uncertain.
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