Recent Updates — FAMI
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.
Farmmi, Inc. closed a $3.0 million underwritten public shelf takedown offering on June 30, 2026, issuing 7,000,000 Class A ordinary shares and pre-funded warrants to purchase 5,000,000 ordinary shares through Aegis Capital Corp. The offering price per share was $0.25 and $0.24999 per warrant. The company intends to use net proceeds for working capital and general corporate purposes. Farmmi, Inc. is an agricultural products company specializing in organic grain products.
On June 16, 2026, Farmmi, Inc. entered into a securities purchase agreement to conduct a registered direct offering of 16,571,429 Class A ordinary shares. The shares are priced at $0.35 each, generating approximately $5.8 million in gross proceeds before expenses. Net proceeds are earmarked for working capital and general corporate purposes. Farmmi, Inc. is an agricultural company focused on grain products.