other material
confidence high
sentiment negative
materiality 0.60
Hydrofarm effects 1-for-10 reverse stock split to meet Nasdaq $1 bid requirement
HYDROFARM HOLDINGS GROUP, INC.
- 1-for-10 reverse split effective 5:00 PM ET Feb 12, 2025; adjusted trading begins Feb 13 under same symbol HYFM.
- Shares outstanding reduced from ~46.1M to ~4.6M; no fractional shares, cash in lieu at Feb 12 closing price.
- Board approved ratio on Feb 6, 2025; stockholders authorized ratio up to 1:25 at June 2024 meeting.
- New CUSIP 44888K407; authorized shares and par value unchanged.
- Purpose: regain compliance with Nasdaq minimum bid price of $1 after stock traded below threshold.