aerogrow8k110909.htm
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): November 9, 2009
AEROGROW
INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-50888
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46-0510685
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(I.R.S.
Employer Identification
No.)
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6075
Longbow Dr. Suite 200, Boulder, Colorado
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80301
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
Telephone Number, Including Area Code: (303)
444-7755
Check the
appropriate box below if the Form 8-K is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following
provisions:
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
1.01. Entry into a Material Definitive Agreement
On
November 9, 2009, AeroGrow International, Inc. (the “Company”) entered into a
bridge financing arrangement totaling $200,000 (the “Bridge Loan”) with Lazarus
Investment Partners LLLP (“Lazarus”), which has a beneficial ownership position
in the Company in excess of 10%. The Bridge Loan is unsecured,
matures on February 1, 2009, and bears interest at 20% per annum with interest
payments due when the principal amount is repaid. The Company issued
200,000 warrants to purchase common shares of the Company to
Lazarus. Each of the warrants has a five-year term and an exercise
price of $0.25 per common share.
SIGNATURE
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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AeroGrow
International, Inc.
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| DATED: November
10, 2009 |
By: /s/ H. MacGregor
Clarke
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H.
MacGregor Clarke
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Chief
Financial Officer and Treasurer
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