HF Foods Group Announces Termination of At-The-Market Equity Offering Program

HF Foods ends a $100 million at-the-market equity program and its underlying sales agreement, reducing use of this funding channel.

Rhea-AI Summary

HF Foods Group (HFFG) has terminated its At-The-Market equity offering program and the related Sales Agreement with D.A. Davidson & Co. and Roth Capital Partners, which was established on September 25, 2025.

The ATM program had allowed the company to sell common stock for aggregate gross proceeds of up to $100 million. Both the Sales Agreement and the ATM equity offering program are terminated effective September 24, 2026.

Positive

• Potential dilution from ATM issuance capacity of up to $100 million is removed

Negative

• Termination of ATM program removes a flexible equity financing source of up to $100 million

Argus Sep 21 session 4 alerts

-5.63% close to close 2.0x rel. volume Open Argus

Details

Market move: HFFG -5.63% in the Sep 21 session. ATM offering termination

-3.3% Trough Tracked

$84.52M Mkt Cap at Peak Alert

On Sep 21, the first trading day after this news, HFFG closed 5.63% below the previous close. Argus tracked a trough of -3.3% from its starting point during tracking. Our momentum scanner recorded 4 alerts for this stock that day. That session’s volume was 2.0x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Sep 21 session.

Key Figures

ATM offering capacity: $100 million Termination effective date: September 24, 2026

ATM offering capacity

$100 million

Aggregate gross proceeds available under the terminated program

Termination effective date

September 24, 2026

Sales Agreement and ATM equity offering program

Previous Offering Reports

1 past event · Latest: Sep 25

Same Type 1 event

1. Sep 25

   ATM offering

   24h Move

   -18.3%

   Established a $100 million ATM program through D.A. Davidson and Roth Capital Partners.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

at-the-market

1 terms

at-the-market financial

"the At-The-Market (“ATM”) equity offering program"

"At-the-market" is a method for companies to sell new shares of stock directly into the open market over time, rather than all at once. It allows companies to raise money gradually, similar to selling slices of a pie instead of the entire pie at once, which can help manage the sale's impact on the stock price. This approach gives investors a steady supply of shares while providing companies with flexible funding options.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LAS VEGAS, Sept. 18, 2026 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States and Canada, today announced that it has terminated the Sales Agreement among the Company, D.A. Davidson & Co. and Roth Capital Partners, LLC, dated September 25, 2025 (the "Sales Agreement") and the At-The-Market (“ATM”) equity offering program it established on September 25, 2025, under which the Company could sell shares of its common stock for aggregate gross proceeds of up to $100 million. The termination is effective as of September 24, 2026.

About HF Foods Group Inc.

HF Foods Group Inc. is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian restaurants and other foodservice customers throughout the United States and Canada. HF Foods aims to supply the increasing demand for Asian American restaurant cuisine, leveraging its nationwide network of distribution centers and its strong relations with growers and suppliers of fresh, high-quality specialty restaurant food products and supplies in the US and Asia. Headquartered in Las Vegas, Nevada, HF Foods trades on Nasdaq under the symbol “HFFG”. For more information, please visit www.hffoodsgroup.com.

Safe Harbor Disclosure

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as “expect,” “estimate,” “target,” “anticipate,” “forecast,” “plan,” “outlook,” “believe” and similar terms. Such forward-looking statements include, but are not limited to, statements regarding the Company’s financial position, business strategy and the anticipated effects of the termination of the Sales Agreement and the ATM equity offering program.

Although the Company believes that the expectations are reasonable, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, risks and uncertainties related to the capital markets generally.

HF Foods undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Additional information about factors that could cause HF Foods' actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect HF Foods' future results included in HF Foods' filings with the Securities and Exchange Commission (the "SEC") at www.sec.gov. In addition, HF Foods makes available free of charge at https://investors.hffoodsgroup.com/financials/sec-filings, copies of materials it files with, or furnishes to, the SEC.

Contact:

ICR
Anna Kate Heller
hffoodsgroup@icrinc.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was the size of HF Foods Group's terminated ATM equity program?

Under the terminated At-The-Market equity offering program, HF Foods Group could sell shares of its common stock for aggregate gross proceeds of up to $100 million.

When does the termination of HF Foods Group's ATM program and Sales Agreement take effect?

The termination of the Sales Agreement and the related At-The-Market equity offering program is effective as of September 24, 2026.

Which counterparties were involved in HF Foods Group's terminated Sales Agreement for the ATM program?

The terminated Sales Agreement for the At-The-Market equity offering program was among HF Foods Group, D.A. Davidson & Co. and Roth Capital Partners, LLC.

When was HF Foods Group's ATM equity offering program originally established?

The At-The-Market equity offering program and the related Sales Agreement were originally established on September 25, 2025.