Farmmi Announces Pricing of $1.0 Million Registered Direct Offering
Farmmi, INC. - Ordinary Shares (FAMI)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/farmmi-inc-announces-pricing-of-initial-public-offering-300600088.html
Company Research
Source: PR Newswire
LISHUI, China, Aug. 23, 2024 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (Nasdaq: FAMI), an agriculture products supplier in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 3,433,167 ordinary shares of the Company (the "Ordinary Shares") in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investors Series A warrants to purchase up to 3,433,167 Ordinary Shares. The combined effective offering price for each Ordinary Share and accompanying Series A warrant is $0.30. The Series A warrants are immediately exercisable, expire five years from issuance, and have an initial exercise price of $0.75 per share, which exercise price is subject to standard adjustments for dividends, splits and similar events and is also subject to adjustment for certain dilutive issuances, upon reset following certain capitalization events (including a rever
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FAMI
News
- Farmmi, Inc. Enters into Strategic Cooperation Agreement Aimed to Further Expand Its Logistic Services BusinessPR Newswire
- Farmmi receives Nasdaq minimum bid price requirement extension [Seeking Alpha]Seeking Alpha
- Farmmi Receives NASDAQ Minimum Bid Price Requirement Extension [Yahoo! Finance]Yahoo! Finance
- Farmmi Receives NASDAQ Minimum Bid Price Requirement ExtensionPR Newswire
FAMI
Sec Filings
- 11/12/24 - Form 6-K
- 11/7/24 - Form 424B3
- 11/7/24 - Form EFFECT
- FAMI's page on the SEC website