04:26 PM EDT, 09/18/2024 (MT Newswires) -- Hydrofarm Holdings Group ( HYFM ) said Wednesday it has obtained a 180 calendar day extension, or until March 10, from Nasdaq to regain compliance with the stock exchange's bid price rule.

The rule states that the bid price of the company's shares must close at $1 per share or more for a minimum of 10 consecutive business days, Hydrofarm ( HYFM ) said.

The company said it will pursue options to regain compliance with the rule, including potentially a reverse stock split.

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