UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
| Item 8.01 | Other Events. |
On July 19, 2021 (the “Redemption Date”), Hydrofarm Holdings Group, Inc. (the “Company”) completed its previously announced redemption (the “Redemption”) of certain of its outstanding warrants (the “Investor Warrants”) to purchase shares of the Company’s common stock that were issued in connection with a private placement of units, each consisting of a share of common stock and an Investor Warrant to purchase an additional one-half (1/2) shares of common stock which concluded on October 30, 2018. Prior to the Redemption Date 3,367,647 Investor Warrants were exercised, generating approximately $56.8 million of gross proceeds to the Company. Pursuant to the Redemption, the Company redeemed 1,491 Investor Warrants for a redemption price of $0.00033712 per Investor Warrant. As of July 20, 2021, the Company had outstanding 43,926,486 shares of common stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Hydrofarm Holdings Group, Inc. | |||
| Date: July 23, 2021 | By: | /s/ William Toler | |
| Name: | William Toler | ||
| Title: | Chief Executive Officer | ||