MergerJun 16, 2026, 04:57 PM
Flash Sports & Media Holdings Completes Merger, Name & Ticker Change; Secures $54M ELOC
AI Summary
Flash Sports & Media Holdings, Inc., formerly urban-gro, Inc., completed its merger with Flash Sports and Media, Inc. on February 17, 2026, transforming into a diversified sports, media, and experiential marketing platform. Concurrently, the company rebranded, changing its name and Nasdaq ticker from UGRO to FLZH on June 12, 2026. The company also secured an Equity Line of Credit (ELOC) for up to $54,000,000 and received stockholder approval for the conversion of preferred stock, which could increase common stock to approximately 53.4 million shares.
Key Highlights
- Flash Sports & Media Holdings completed its merger with Flash Sports and Media, Inc. on February 17, 2026.
- The company changed its name from urban-gro, Inc. to Flash Sports & Media Holdings, Inc. on June 12, 2026.
- The Nasdaq trading symbol changed from UGRO to FLZH on June 12, 2026.
- Secured an Equity Line of Credit (ELOC) for up to $54,000,000 with Hudson Global Ventures, LLC.
- Stockholders approved the conversion of Non-Voting Convertible Preferred Stock, potentially increasing common stock to 53,358,119 shares.
- The company effected a 1-for-25 reverse stock split on February 9, 2026.
- The new business focus is a diversified sports, media, and experiential marketing platform.
- Subsidiary IPG generated approximately $5.1 million from production fees, $3.5 million from franchise fees, and $2.4 million from sponsorship fees in 2024.
Price Impact
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