Farmmi received a Nasdaq deficiency notice on August 11, 2026, for failing to maintain the $1.00 minimum bid price requirement for 30 consecutive business days. The company has until February 8, 2027, to regain compliance by sustaining a closing price above $1.00 for ten consecutive trading days or by implementing a reverse stock split. Additionally, on August 11, 2026, Farmmi entered into an exchange agreement with Atlas Sciences to partition and extinguish a $200,000 promissory note in exchange for 1,581,027 Class A ordinary shares issued on August 12, 2026. The company operates in the agricultural products supply chain industry.
