HYDROFARM HOLDINGS GROUP, INC. 8-K

What Happened

• Hydrofarm Holdings Group, Inc. (HYFM) reported that on April 1, 2026 it received a letter from Nasdaq saying it is not in compliance with Listing Rule 5550(b)(1) because the Company reported a stockholders' deficit of ($63,296,000) in its Form 10-K for the year ended December 31, 2025. Nasdaq also found the Company did not meet alternative standards (a $35 million market value of listed securities or $500,000 net income from continuing operations in the required periods). The Company’s common stock remains listed and trading on the Nasdaq Capital Market under the symbol “HYFM” for now.

Key Details

• Nasdaq notification date: April 1, 2026.
• Reported stockholders’ deficit: ($63,296,000) (Form 10‑K for year ended Dec. 31, 2025).
• Compliance plan deadline: 45 calendar days from April 1, 2026 — May 16, 2026; if Nasdaq accepts a plan, the Company may get up to 180 days (until Sept. 28, 2026) to regain compliance.
• Company action: Hydrofarm is evaluating options and intends to submit a plan to regain compliance; if Nasdaq rejects the plan the Company may appeal to a Nasdaq hearings panel (an appeal would stay any suspension or delisting pending a panel decision).

Why It Matters

• This notice signals a material listing risk: if Hydrofarm cannot convince Nasdaq it will meet the minimum stockholders’ equity or alternative standards, the Company could face delisting, which can reduce stock liquidity and make it harder to raise capital. The stock remains listed while Hydrofarm pursues a compliance plan and any potential appeal, but acceptance of the plan is not guaranteed. Investors should monitor future filings and announcements for the Company’s remediation plan, any granted extensions, and updates on financial performance or financing actions.