Hydrofarm Reminds Investors of Redemption of Warrants
July 13 2021 - 5:29PM
Hydrofarm Holdings Group, Inc. (“Hydrofarm” or the “Company”)
(Nasdaq: HYFM), a leading distributor and manufacturer of
hydroponics equipment and supplies, today announced that as of July
12, 2021, approximately 2.8 million of its 3.4 million outstanding
investor warrants (the “Investor Warrants”) have been exercised. As
previously announced on June 21, 2021, the Company provided notice
to the holders of its Investor Warrants that their warrants will be
redeemed in accordance with the terms of such Investor Warrants.
Holders of the Investor Warrants have until 5:00 p.m. Eastern Time
on July 19, 2021 to exercise their Investor Warrants.
As a courtesy, the Company would like to remind
any remaining holders of Investor Warrants that if the remaining
approximately 0.6 million Investor Warrants are not exercised by
5:00 p.m. Eastern Time on July 19, 2021, the redemption date, the
Investor Warrants will be void and no longer exercisable, and the
holders of those Investor Warrants will be entitled to receive
$0.00033712 per Investor Warrant. Questions concerning redemption
and exercise of such Investor Warrants can be directed to
Continental Stock Transfer & Trust Company, our Warrant Agent,
at (212) 509-4000 or cstmail@continentalstock.com or SternAegis,
our Investor Warrant Solicitor, at inbox@sternaegis.com
For additional information related to the
redemption of the Investor Warrants, please reference the
redemption announcement press release issued by the Company on June
21, 2021.
No Offer or Solicitation
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy nor shall there be
any offer of any of Hydrofarm’s securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any
such jurisdiction.
About Hydrofarm Holdings Group,
Inc.
Hydrofarm is a leading distributor and
manufacturer of controlled environment agriculture equipment and
supplies, including high-intensity grow lights, climate control
solutions, and growing media, as well as a broad portfolio of
innovative and proprietary branded products. For more than 40
years, Hydrofarm has helped growers in the U.S. and Canadian
markets make growing easier and more productive. The
Company’s mission is to empower growers, farmers and cultivators
with products that enable greater quality, efficiency, consistency
and speed in their grow projects. For additional information,
please visit: www.hydrofarm.com
Contacts:
Investor Relations:Fitzhugh Taylor /
ICRir@hydrofarm.com
Company Contact:Jeff
Petersonjeffp@hydrofarm.com
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