Hydrofarm Holdings Receives 180-Day Extension From Nasdaq To Regain Compliance With Bid Price Rule, Deadline Set For March 10, 2025
Portfolio Pulse from Benzinga Newsdesk
Hydrofarm Holdings has been granted a 180-day extension by Nasdaq to comply with the minimum bid price rule. The new deadline for compliance is March 10, 2025.
September 18, 2024 | 8:01 pm
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Hydrofarm Holdings has been given an additional 180 days by Nasdaq to meet the minimum bid price requirement, with a new deadline of March 10, 2025.
The extension provides Hydrofarm Holdings more time to address its stock price issues, which is crucial for maintaining its Nasdaq listing. However, the immediate impact on stock price is neutral as it does not resolve the underlying issue.
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