Hydrofarm Cancels $109M Term Loan; Prices $8.3M Offering Of 1,599,400 Shares, 7,611,575 Pre-Funded Warrants And 9,210,975 Common Warrants
Hydrofarm Holdings Group, Inc. ("Hydrofarm" or the "Company") (NASDAQ:HYFM), a leading independent manufacturer and distributor of branded supplies and equipment for controlled environment agriculture,
Hydrofarm canceled a big loan it was going to borrow. Instead, the company is raising money by selling new shares and warrants, which means more owners will own pieces of the company.
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