Hydrofarm Holdings Group, Inc. Receives 180 Calendar Day Extension from the Nasdaq Stock Market to Regain Compliance with Bid Price Rule
Hydrofarm Holdings Group, Inc. (HYFM)
Company Research
Source: GlobeNewswire
SHOEMAKERSVILLE, Pa., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) (the "Company," or "Hydrofarm,"), a leading independent manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, announced today that it has received a 180 calendar day extension, until March 10, 2025, from the Nasdaq Stock Market ("Nasdaq"), to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) (the "Bid Price Rule"). The Bid Price Rule stipulates that the bid price of the Company's common stock must close at $1.00 per share or more for a minimum of 10 consecutive business days. The Company will continue to monitor its stock price and plans to pursue available options to regain compliance with the Bid Price Rule, including potentially pursuing a reverse stock split. This notification from Nasdaq has no immediate effect on the listing or trading of the Company’s shares, which currently trade on the Nasdaq Capital Mar
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News
- Hydrofarm Holdings Group, Inc. Receives 180 Calendar Day Extension from the Nasdaq Stock Market to Regain Compliance with Bid Price Rule [Yahoo! Finance]Yahoo! Finance
- Hydrofarm Holdings Group, Inc. (HYFM): Hedge Funds Are Bullish On This Vertical Farming And Hydroponic Stock [Yahoo! Finance]Yahoo! Finance
- Water Tower Research Publishes Initiation of Coverage Report on Hydrofarm Holdings Group, Inc. “Best-in-Class Execution in a Long-Term Favorable Growth Category” [Yahoo! Finance]Yahoo! Finance
- Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) had its price target lowered by analysts at UBS Group AG from $1.15 to $0.65. They now have a "neutral" rating on the stock.MarketBeat
- Hydrofarm Holdings Group Second Quarter 2024 Earnings: US$0.51 loss per share (vs US$0.28 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
HYFM
Earnings
- 8/8/24 - Miss
HYFM
Sec Filings
- 9/18/24 - Form 8-K
- 9/4/24 - Form 4
- 8/30/24 - Form 4
- HYFM's page on the SEC website