# EDGAR Filing Document

**Accession Number:** 0001706524
**File Stem:** 0001213900-25-098387
**Filing Date:** 2025-10
**Character Count:** 19520
**Document Hash:** 076b3d45e700fd0a1c67549f98964012
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-098387.hdr.sgml**: 20251014

**ACCESSION NUMBER**: 0001213900-25-098387

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251014

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251014

**DATE AS OF CHANGE**: 20251014

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** urban-gro, Inc.
- **CENTRAL INDEX KEY:** 0001706524
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 465158469
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39933
- **FILM NUMBER:** 251389715

**BUSINESS ADDRESS:**
- **STREET 1:** 1751 PANORAMA PT
- **STREET 2:** UNIT G
- **CITY:** LAFAYETTE
- **STATE:** CO
- **ZIP:** 80026
- **BUSINESS PHONE:** 720-390-3880

**MAIL ADDRESS:**
- **STREET 1:** 1751 PANORAMA PT
- **STREET 2:** UNIT G
- **CITY:** LAFAYETTE
- **STATE:** CO
- **ZIP:** 80026

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **October 14, 2025**

**URBAN-GRO, INC.**

(Exact name of registrant as specified in its charter)

<u>Delaware</u>

(State or other jurisdiction of incorporation)

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| | |
|:---|:---|
| **001-39933** | **46-5158469** |
| (Commission File Number) | (IRS Employer <br> Identification No.) |

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**1751 Panorama Point, Unit G**

**Lafayette, Colorado 80026**

(Address and Zip Code of principal executive offices)

**(720) 390-3880**

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of exchange on which registered** |
| Common stock, par value $0.001 per share | UGRO | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On October 14, 2025, urban-gro, Inc. (the "Company") entered into a binding letter of intent (the "LOI") with Flash Sports & Media, Inc. ("Flash") regarding a proposed transaction pursuant to which the parties intend to merge Flash with and into a newly formed wholly-owned subsidiary of the Company, which would then merge with and into a second wholly-owned subsidiary of the Company (collectively, the "Merger"). Pursuant to the LOI, the parties have agreed, subject to satisfaction of certain conditions, to negotiate and execute a definitive merger agreement in accordance with the terms set forth in the LOI. The LOI provides that Flash will pay to the Company a cash deposit of $200,000 within fifteen days of its execution.

In connection with the Merger, the stockholders of Flash would receive (i) unregistered shares of the Company's common stock, par value $0.001 per share ("Common Stock") equal to 19.99% of the outstanding shares of Common Stock as of immediately prior to the Merger, and (ii) unregistered shares of a newly-created series of non-voting preferred stock that would be economically equivalent to Common Stock (the "Preferred Stock") and would automatically convert into Common Stock upon receipt of approval by the Company's stockholders. The LOI contemplates that the former stockholders of Flash would own approximately 90% of the Company following the Merger, assuming full conversion of the Preferred Stock. Upon closing of the Merger, the Company would change its name to Flash Sports & Media Holdings, Inc. or a similar name. The Company would be required to obtain approval of its stockholders for conversion of the Preferred Stock as soon as reasonably practicable following the Merger.

The LOI provides that following the Merger, the board of directors (the "Board") of the Company would be reconstituted such that four members of the Board would be designated by the Board prior to the Merger and one member of the Board would be designated by the former stockholders of Flash. Upon approval of the Company's stockholders for the conversion of the Preferred Stock, the Board would be further reconstituted such that one member of the Board would be designated by the Board prior to the Merger and four members of the Board would be designated by the former stockholders of Flash.

The LOI provides for an exclusivity period of 90 days following the execution of the LOI. During that period, the Company agreed that neither it nor its affiliates will, among other things, solicit, provide any information or enter into any agreement with any other party concerning a transaction similar to the Merger.

The foregoing description of the LOI is a summary and does not purport to be complete. Such description is qualified in its entirety by reference to the text of the LOI, which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

**Item 3.02 Unregistered Sale of Equity Securities.**

The information set forth above in Item 1.01 relating to the future issuance of shares of Common Stock, shares of Preferred Stock and the shares of Common Stock underlying the Preferred Stock is incorporated by reference herein in its entirety. The issuance of shares of Common Stock, shares of Preferred Stock and the shares of Common Stock underlying the Preferred Stock pursuant to a definitive merger agreement, once negotiated and signed, will not be registered under the Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state, and the shares of Common Stock, shares of Preferred Stock and the shares of Common Stock underlying the Preferred Stock issued pursuant to any definitive merger agreement will be made in reliance upon the exemption from registration provided by Section 4(a)(2) of, and Rule 506 under Regulation D promulgated under, the Securities Act.

**Item 9.01. Financial Statements and Exhibits.**

**(d) Exhibits.**

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| | |
|:---|:---|
| **Exhibit<br> Number** | **Exhibit Description** |
| 10.1 | [Binding Letter of Intent, dated as of October 14, 2025, by and between urban-gro, Inc. and Flash Sports & Media, Inc.](ea026107401ex10-1_urban.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  | **URBAN-GRO, INC.** | **URBAN-GRO, INC.** | **URBAN-GRO, INC.** |
| Date: October 14, 2025 | By: | /s/ Bradley Nattrass | /s/ Bradley Nattrass |
|  |  | Name: | Bradley Nattrass |
|  |  | Title: | Chairman and Chief Executive Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**BINDING LETTER OF INTENT**

**October 14, 2025**

This Letter of Intent (this "**LOI**") summarizes the principal terms relating to a merger (the "**Merger**") transaction to be entered into between a to be formed wholly-owned subsidiary ("**Merger Sub 1**") of urban-gro, Inc., a Delaware corporation (the "**Company**"), an additional wholly-owned subsidiary ("**Merger Sub 2**") of the Company, and Flash Sports & Media, Inc., a Delaware corporation ("**Flash**"). The parties intend that this create a binding obligation on each party's part to act in the utmost good faith to expeditiously negotiate, execute and deliver a Definitive Agreement (as defined below) between the parties to be consummated as soon as practicable, and all parties hereto may rely justifiably on the binding nature of this LOI.

● Current in filing reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act** ");

● Listed on Nasdaq;

● Current with all its Exchange Act filings; and

● Sufficient authorized but unissued shares of the company's common stock ()"**Common Stock**") to consummate the Merger and the conversion of Preferred Stock (as defined below).

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| | |
|:---|:---|
| **Merger Structure:** | At the closing of the Merger, Merger Sub 1 shall merge with and into Flash (the "**First Merger**"), such that Flash shall become a wholly owned subsidiary of the Company (following the Merger, the "**Combined Company**"). Immediately following the First Merger and as part of the same overall transaction as the First Merger, Flash will merge with and into Merger Sub 2 (the "**Second Merger**" and, together with the First Merger, the "**Merger**"). The former stockholders of Flash shall receive, as merger consideration, (i) unregistered shares of Common Stock equal in the aggregate to 19.99% of the Company's outstanding shares of common stock as of immediately prior to the First Merger and (ii) shares of a new series of preferred stock (the "**Preferred Stock**") that is non-voting and economically equivalent to Common Stock but that may only be converted upon the effectiveness of the Stockholder Approval (as defined below), such that the former stockholders of Flash would be anticipated to hold approximately 90% of the post-merger Combined Company, assuming full conversion of the Preferred Stock. |
|  | Upon closing of the Merger, the Combined Company shall change its name to Flash Sports & Media Holdings, Inc. or a similar name (the "**Name Change**"), and obtain a new trading symbol consistent with such name. |
| **Definitive Agreement:** | Immediately following the execution of this LOI, the parties shall commence negotiation of a definitive merger agreement relating consummation of the Merger and setting forth the legally binding terms therefor (the "**Definitive Agreement**") and shall use their best efforts to execute the Definitive Agreement on the date when the Company becomes current with its SEC filings. The Definitive Agreement shall include the terms summarized in this LOI and such other representations, warranties, conditions, covenants, indemnities and other terms as are customary for transactions of this kind and not inconsistent with this LOI. The representations and warranties contained in the Definitive Agreement shall not survive the Merger. |
| **Pre-Merger Assets:** | Following the Merger, the Company shall use its best efforts to sell all of its pre-closing assets and assign its pre-closing liabilities, but in no case later than 90 days after the Merger. |
| **Board Composition:** | The board of directors of the Company following the Merger (the "**Combined Company**") shall be comprised of five (5) directors, of which (i) one (1) director shall be designated by the former stockholders of Flash and (iii) four (4) directors designated by the current board of the Company. Following the conversion of the Preferred Stock, the board of directors of the Company shall be comprised of five (5) directors, of which (i) four (4) directors shall be designated by the former stockholders of Flash and (iii) one (1) director designated by the current board of the Company. The composition of the Board shall satisfy all Securities and Exchange Commission ("**SEC**") and Nasdaq requirements. |

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| | |
|:---|:---|
| **Stockholder Approval:** | As soon as reasonably practicable following the Merger, the Company shall file a preliminary and a definitive proxy statement seeking stockholder approval (the "**Stockholder Approval**") of the conversion of the Preferred Stock, the Name Change, and the Stock Split. |
| **Restrictions on Transfer:** | Resales of Common Stock acquired in the Merger shall be in accordance with Rule 144 under the Securities Act of 1933, as amended (the "**Securities Act**"). |
| **Governing Law:** | This LOI and the definitive documentation referred to herein shall be governed by the laws of the State of Delaware without regard to the principles of conflicts of law thereof that might cause the law of another jurisdiction to apply. |
| **Closing:** | The closing of the Merger shall be conditioned on each other and shall occur promptly after the parties negotiate the Definitive Agreement. |
| **Conditions to Closing<br> of Merger:** | Conditions to closing the Merger in favor of the Company: (i) execution and delivery of the Definitive Agreement; (ii) representations and warranties of Flash are true and correct as of closing; (iii) board resolutions approving the Merger; (iv) good standing certificate of Flash; (v) receipt of a fairness opinion from the Company's financial advisor stating that the Merger is fair, from a financial point of view, to the Company; (vi) Flash shall have satisfied all covenants required to be satisfied at or prior to closing; (vii) Nasdaq shall have approved an initial listing application of Flash and the Company on a post-Merger basis; and (viii) receipt of PCAOB audited financial statements of Flash for the prior two fiscal years and unaudited reviewed financial statements for any required interim periods. |
|  | Conditions to closing the Merger in favor of Flash: (i) execution and delivery of the Definitive Agreement; (ii) representations and warranties of the Company are true and correct as of closing; (iii) the Company has satisfied all covenants required to be satisfied at or prior to closing; (iv) board resolutions and stockholder resolutions of Flash approving the transactions; (v) good standing certificate of the Company; and (vi) Nasdaq shall have approved an initial listing application of Flash and the Company on a post-Merger basis. |
| **Exclusivity:** | The Company shall be prohibited from directly or indirectly soliciting or providing any information to or entering into any agreement with any entity or person concerning any reverse merger transaction for a period beginning on the receipt of the initial Cash Advance payment and ending 90 days following the execution of this LOI (the "**Exclusivity Period**"). If, during the Exclusivity Period, the Company, any of its subsidiaries, or any officer, director, employee, representative or other agent of the Company or any of its subsidiaries, receives any inquiry or offer with respect to such a transaction, then the Company is required to advise Flash of such inquiry or offer (including all terms thereof) and provide to Flash copies of all written documents memorializing or relating to such inquiry or offer. |

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| | |
|:---|:---|
| **Due Diligence and Access:** | After the date of this LOI, the parties and their representatives shall continue their detailed due diligence investigation of each other. Such due diligence shall include, but shall not be limited to, a complete review of the legal, financial, tax, environmental, intellectual property, and labor records and agreements of the business, and any other matters that the parties' legal counsel, accountants, tax or other advisors reasonably deem relevant. |
|  | From and after the date of this LOI each party shall reasonably respond to the other party's due diligence inquiries and shall authorize its representatives to provide the other party's officers, employees, representatives and advisors with full access to its records, key employees, advisers and operations for the purpose of the other's due diligence. |
| **Confidentiality:** | Both parties agree to maintain the confidentiality of this LOI and all related discussions, unless disclosure is required by law or agreed upon in writing; provided, however, that, on the advice of legal counsel, the Company may comply with any SEC requirements under the Securities Act or Exchange Act which requires any disclosure. |
| **Public Announcements:** | Each party shall consult with the other party before issuing any press release or otherwise making any public statements with respect to the Merger or this LOI and shall not issue any such press release or make any disclosure (to any customers or employees of such party, to the public or otherwise) regarding the LOI or the Merger without the prior consent of the other party, which shall not be unreasonably withheld or delayed; provided, however, that, on the advice of legal counsel, the Company may comply with any SEC requirements under the Securities Act or Exchange Act which requires any disclosure. |
| **Conditions and Approvals:** | Subject to the "Effect and Enforceability" clause below, the obligations of the parties hereto to close the transactions contemplated by the definitive documentation shall be conditioned upon the requisite stockholder and board approval, the material accuracy of the representations and warranties of the other parties, performance in all material respects of all covenants required to be performed at or prior to each of the closings, satisfactory completion of due diligence by the parties hereto and other conditions to closing customary in transactions of this type. |

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● The date immediately following the last day of the Exclusivity Period;

● Immediately upon any failure by Flash to pay any Cash Advance when due;

● A delisting of the Company's Common Stock on the Nasdaq Capital Market; or

● Mutual agreement of the parties.

**THESE TERMS AND CONDITIONS CONTAINED HEREIN REPRESENT A BINDING COMMITMENT TO CONSUMMATE THE TRANSACTION SUBJECT TO EXECUTION OF THE DEFINITIVE AGREEMENT CONSISTENT WITH THE TERMS OF THIS LOI. NOTWITHSTANDING THE FOREGOING OR ANYTHING ELSE CONTAINED HEREIN TO THE CONTRARY, THE COMPANY AND FLASH, BY ITS SIGNATURE BELOW, HEREBY EXPRESSLY ACKNOWLEDGES AND AGREES THAT THIS LOI SHALL BE BINDING UPON THE PARTIES.**

*Remainder of page left intentionally blank*

 

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| | | |
|:---|:---|:---|
| **AGREED AND ACCEPTED:** | **AGREED AND ACCEPTED:** | **AGREED AND ACCEPTED:** |
| **URBAN-GRO, INC.** | **URBAN-GRO, INC.** | **URBAN-GRO, INC.** |
| By: | /s/ Bradley Nattrass | /s/ Bradley Nattrass |
|  | Name: | Bradley Nattrass |
|  | Title: | Chairman and Chief Executive Officer |
| **FLASH SPORTS & MEDIA, INC.** | **FLASH SPORTS & MEDIA, INC.** | **FLASH SPORTS & MEDIA, INC.** |
| By: | /s/ Suren Ajjarapu | /s/ Suren Ajjarapu |
|  | Name: | Suren Ajjarapu |
|  | Title: | Chief Executive Officer |

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