Hydrofarm Holdings Group, Inc. approved a 1-for-10 reverse stock split to meet Nasdaq requirements.

From GlobeNewswire: 2025-02-10 07:00:00

Hydrofarm Holdings Group, Inc. (Nasdaq: HYFM) has approved a 1-for-10 reverse stock split of its common stock, effective February 12, 2025, to meet Nasdaq’s minimum bid price requirement of $1.00 per share. The reverse split will reduce outstanding shares from 46,144,512 to approximately 4,614,451. Stockholders will not lose ownership interest, and fractional shares will be paid in cash. The Company’s equity incentive plans will also be adjusted. Continental Stock Transfer will act as the exchange agent. Hydrofarm is a leading manufacturer of hydroponics equipment and supplies, aiming to empower growers with innovative products for controlled environment agriculture.



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