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Urban-gro issues up to $2.78 million 12% secured convertible note to Agile Hudson Partners

PUBT·04/14/2026 10:04:01
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Urban-gro issues up to $2.78 million 12% secured convertible note to Agile Hudson Partners
  • Urban-gro entered a securities purchase agreement on April 7, 2026 for a 12% secured promissory note with principal up to USD 2.8 million.
  • Buyer funded first tranche with USD 2 million purchase price for USD 2.2 million original principal amount.
  • Note is convertible into common stock at lesser of USD 36 per share or 80% of average of three lowest traded prices over prior 10 trading days, subject to ownership limits.
  • Transaction included warrants for 154,166 shares at USD 18 per share, plus pre-funded warrants for 26,000 shares at USD 0.01 per share.
  • Agreement allows potential second tranche of USD 500,000, subject to conditions including filing 2025 Form 10-K with audited financial statements.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Urban-Gro Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-043145), on April 14, 2026, and is solely responsible for the information contained therein.