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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., May. 8, 7:13 AM

Slide #14. Hydrofarm Holdings Group, Inc. Secondary Offering

Company: Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM)
Date announced: 4/26/2021
Shares Offered: 4,805,967
Date of Pricing: 4/28/2021
Price Per Share: $59.00
Secondary Offering Details: 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. -updated 4/28- 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 pricing of an underwritten upsized public offering of 4,805,967 shares of its common stock at a public offering price of $59.00 per share. The net proceeds to the Company from this offering, after deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately $269.3 million. All shares of common stock are being offered by Hydrofarm. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 720,894 of its common stock at the public offering price, less the underwriting discounts and commissions. The offering is expected to close on May 3, 2021, subject to the satisfaction of customary closing conditions.



HYFM SEC Filing Email Alerts Service

Number of ETFs Holding HYFM: 
13
Total Market Value Held by ETFs: 
$61.64M
  Hydrofarm Holdings Group, Inc.: trading symbol HYFM
 

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