Hydrofarm holdings group announces closing of public offering of common stock and full exercise of underwriters' option to purchase additional shares

Fairless hills, pa., may 03, 2021 (globe newswire) -- hydrofarm holdings group, inc. (“hydrofarm” or the “company”) (nasdaq: hyfm), a leading independent distributor and manufacturer of hydroponics equipment and supplies for controlled environment agriculture, today announced the closing of the company's previously announced underwritten upsized public offering of 5,526,861 shares of its common stock at a public offering price of $59.00 per share, including 720,894 shares issued pursuant to the full exercise by the underwriters of their option to purchase additional shares of common stock. the net proceeds to the company from this offering, after deducting the underwriting discounts and commissions and offering expenses payable by the company, were approximately $309.8 million.
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