Hydrofarm holdings group announces launch of proposed public offering of common stock

Fairless hills, pa., april 26, 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 that it will commence an underwritten public offering of 4.0 million shares of its common stock. all shares of common stock are being offered by hydrofarm. in connection with the offering, hydrofarm intends to grant the underwriters a 30-day option to purchase up to approximately 600,000 additional shares of its common stock.   the proposed offering is subject to market and other conditions, and there can be no assurances as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.
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