Certain Stock Options of Hydrofarm Holdings Group, Inc. are subject to a Lock-Up Agreement Ending on 26-OCT-2021.
October 25, 2021
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Certain Stock Options of Hydrofarm Holdings Group, Inc. are subject to a Lock-Up Agreement Ending on 26-OCT-2021. These Stock Options will be under lockup for 181 days starting from 28-APR-2021 to 26-OCT-2021.
Details:
Directors, executive officers and holders of substantially all of our capital stock and securities convertible into our capital stock (such persons, the ?lock-up parties?) have entered into lock-up agreements with the underwriters prior to the commencement of this offering (the ?lock-up agreements?) or are subject to the market standoff provisions in the Registration Rights Agreement pursuant to which each holder shall not transfer, sell, offer, pledge, contract to sell, grant any option or contract to purchase, purchase any option or contract to sell, grant any right or warrant to purchase, lend or otherwise transfer or encumber any Registrable Securities (as defined in the Registration Rights Agreement) until the date that is six months after the effective date of our initial public offering registration statement.
Hydrofarm Holdings Group, Inc. is an independent manufacturer and distributor of hydroponics equipment and supplies for controlled environment agriculture (CEA). The products offered by the Company include agricultural lighting devices, indoor climate control equipment, nutrients, and plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment settings that allow end users to control farming variables including temperature, humidity, carbon dioxide, light intensity and color, nutrient concentration, and the potential of hydrogen (pH). Its CEA product categories include lighting solutions, growing media (premium soils and soil alternatives), nutrients, equipment, and supplies. The Company's brands include Active Air, Active Aqua, Aurora Peat Products, HEAVY 16, House & Garden, Gaia Green, Grotek, Innovative Growers Equipment, Mad Farmer, Phantom, PHOTOBIO, Procision, Roots Organics, Soul, and SunBlaster.