Hydrofarm Holdings Group priced a registered direct offering of common stock at $0.905 per share, raising approximately $8.3 million in gross proceeds. Concurrently, the company executed a private placement of unregistered shares and warrants at the same price. The transaction facilitates the termination of its $109 million senior secured term loan by issuing Series 1 Non-Voting Convertible Preferred Stock and common stock purchase warrants to lenders, subject to shareholder approval. Hydrofarm is a leading independent manufacturer and distributor of supplies and equipment for controlled environment agriculture.
