Farmmi Receives Extension of NASDAQ Minimum Bid Price Requirement


LISHUI, China, December 2, 2021 / PRNewswire / – Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), a supplier of agricultural products in China, today announced that the December 1, 2021, it has received a notification from The Nasdaq Stock Market LLC (“NASDAQ”) confirming that the Company has been granted an additional 180 calendar days to comply with its minimum bid price requirement through May 30, 2022. To restore compliance with the NASDAQ minimum bid price requirement, the closing bid price of the Company’s common shares must be at least $ 1.00 per share or more for at least ten consecutive business days per May 30, 2022.

About Farmmi, Inc.

Farmmi Inc. (NASDAQ: FAMI) was established in 1998, formerly known as Zhejiang Forasen Food Co., Ltd., which is an agricultural e-commerce technology company. Based in Lishui, Zhejiang, is an agricultural products supplier, processor and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible mushrooms and other agricultural products. For more information about the Company, please visit: http://ir.farmmi.com.cn/.

Forward-looking statements

This press release contains forward-looking information about the opinions of Farmmi Inc. on its future expectations, plans and prospects. We remind you not to place undue reliance on these forward-looking statements. Due to various factors, actual results may differ materially from anticipated results, including, but not limited to its ability to raise additional funds, maintain and develop business, variability in business performance, ability to maintain and improve its brand, development and launch of new products and services, successful integration of acquired companies, technologies and assets into its product and service portfolio, marketing and other business development initiatives, competition in the industry, general government regulations, economic conditions, impact of novel coronavirus pneumonia, dependence on key personnel, attract, hire and retain personnel with the skills and experience required to meet customer requirements and the ability to protect their intellectual property rights. Farmmi Inc. encourages you to consider other factors that may affect its future results in its registration statement and other documents submitted to the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are based on current expectations, our company does not undertake to update these forward-looking statements.

SOURCE Farmmi, Inc.

Related links

http://ir.farmmi.com.cn/


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