Flash Sports & Media Holdings, Inc. 8-K

What Happened

• Flash Sports & Media Holdings, Inc. (formerly urban-gro, Inc.) filed a Form 8-K (Item 7.01) to disclose an updated count of its issued and outstanding common stock following conversion of its Series B Convertible Preferred Stock. Stockholders had approved, at a special meeting on June 12, 2026, the issuance of shares upon conversion in excess of 19.99% to comply with Nasdaq Listing Rule 5635(d). After conversions at a conversion price of $3.23, the company reported 53,539,119 shares of common stock outstanding as of June 17, 2026.

Key Details

• Company: Flash Sports & Media Holdings, Inc. (formerly urban-gro, Inc.)
• Stockholder approval: Special meeting on June 12, 2026 (Nasdaq Rule 5635(d) compliance)
• Conversion price: $3.23 per share for Series B Preferred conversions
• Updated shares outstanding: 53,539,119 as of June 17, 2026; 8-K filed June 23, 2026

Why It Matters

• The conversion increased the company’s outstanding common shares, which affects share count used in calculating per-share metrics (like earnings per share) and can dilute existing shareholders’ ownership percentages. The disclosure is required to inform investors and maintain Nasdaq compliance after an issuance that exceeded the 19.99% threshold.