Hydrofarm holdings group, inc. receives 180 calendar day extension from the nasdaq stock market to regain compliance with bid price rule

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.
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