HYFM · Hydrofarm Holdings Group, Inc.

Hydrofarm Holdings Group, Inc. disclosed that it received a deficiency letter from Nasdaq on April 1, 2026, indicating non-compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. Specifically, the Company reported a stockholders' deficit of ($63,296,000) as of December 31, 2025, which falls significantly short of the $2.5 million minimum required under Listing Rule 5550(b)(1). The Company also failed to meet the alternative compliance standards relating to market value of listed securities or net income from continuing operations as of March 31, 2026. While the notification has no immediate impact on the listing of the Company's common stock, which continues to trade under the symbol 'HYFM', the Company must submit a compliance plan to Nasdaq by May 16, 2026. If accepted, Nasdaq may grant an extension of up to 180 calendar days, or until September 28, 2026, for the Company to regain compliance. Failure to have the plan accepted would entitle the Company to appeal the decision to a Nasdaq hearings panel, which would stay any suspension or delisting action. The Company is currently evaluating courses of action but provided no assurance regarding the acceptance of its plan or its ability to regain compliance.