Nasdaq grants Hydrofarm180 calendar day extension to regain bid price compliance

Hydrofarm Holdings Group manufacturer and distributor of branded hydroponics equipment and supplies for controlled environment agriculture, announced that it has received a 180 calendar day extension, until March 10, 2025, from the Nasdaq Stock Market to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) . 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 Market under the symbol “HYFM.”