Urban-Gro to implement 1-for-25 reverse stock split

urban-gro’s (UGRO) Board of Directors approved a reverse stock split of one share for every twenty-five shares of common stock. The reverse stock split had been authorized by the Company’s stockholders at the annual stockholder meeting held on January 30, 2026. Trading of the Company’s common shares on a split-adjusted basis is expected to begin on Monday, February 9, 2026 on the Nasdaq Capital Market stock exchange. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company, except for minor changes due to the treatment of fractional shares as described below. The Company currently has 17,114,217 shares of common stock outstanding, and following the reverse stock split, the Company’s total shares of common stock outstanding will be reduced to approximately 684,569 shares. The number of authorized shares of the Company’s common stock will remain the same and the par value will remain $0.001 per share. The reverse stock split will also cause a proportional reduction in the number of common stock warrants and stock options along with an associated increase in exercise prices. No fractional shares will be issued following the reverse stock split, and cash will be paid to holders in lieu of any fractional shares. The new CUSIP number for the common stock following the reverse stock split is 91704K 301. The Company has retained its transfer agent, Equiniti, to act as exchange agent for the reverse stock split. EQ will manage the exchange of pre-split shares for post-split shares.