Hydrofarm Holdings Group Closes $8.3 Million Registered Direct Offering and Private Placement in Connection with Elimination of $109 Million Term Loan
Key Highlights
- ➤$109 million term loan fully eliminated, releasing all related liens and obligations
- ➤$8.3 million raised through 9.21 million warrants and 9.21 million shares
- ➤$12 million annual debt service eliminated following term-loan payoff
- ➤$27.5 million preferred shares and warrants issued to lenders, pending stockholder approval
- ➤Pro forma stockholders’ equity exceeds Nasdaq’s $2.5 million Equity Rule minimum
Pro forma stockholders’ equity exceeds Nasdaq’s $2.5 million Equity Rule requirement
SHOEMAKERSVILLE, Pa., Oct. 28, 2026 (GLOBE NEWSWIRE) -- Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”) (Nasdaq: HYFM), a leading independent manufacturer and distributor of branded supplies and equipment for controlled environment agriculture, today announced that it has closed its previously announced registered direct offering of 1,599,400 shares of common stock at $0.905 per share, priced at-the-market under Nasdaq rules, and concurrent private placement of 7,611,575 unregistered shares of common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) and 9,210,975 common stock purchase warrants (“Common Warrants”). Gross proceeds to Hydrofarm were approximately $8.3 million, before deducting the placement agent fee and offering expenses. All of the shares of common stock, Pre-Funded Warrants and Common Warrants were sold by the Company.
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