Hydrofarm Announces Reverse Stock Split

Core Points - Hydrofarm Holdings Group, Inc. announced a 1-for-10 reverse stock split effective February 12, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2] - The reverse stock split will reduce the number of shares outstanding from approximately 46,144,512 to about 4,614,451, while the total authorized shares will remain unchanged [2] - Stockholders will receive cash payments for any fractional shares resulting from the reverse stock split, based on the closing price on February 12, 2025 [2] Company Overview - Hydrofarm is a leading independent manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture, with over 40 years of experience [5] - The company aims to empower growers with products that enhance quality, efficiency, consistency, and speed in their agricultural projects [5]