Farmmi Receives NASDAQ Notification Regarding Minimum Bid Requirements

Rhea-AI Summary

Farmmi (NASDAQ: FAMI) reported that on August 11, 2026 it received a Nasdaq notice that its Class A ordinary shares are not in compliance with Nasdaq Listing Rule 5550(a)(2), as the closing bid price has stayed below $1.00 for 30 consecutive business days.

The notice does not immediately affect trading, and FAMI shares continue on Nasdaq. Farmmi has a 180-day compliance period until February 8, 2027 to regain compliance by achieving a closing bid of at least $1.00 for at least 10 consecutive business days, potentially including a reverse stock split completed at least 10 business days before that date.

Positive

• Shares continue trading on Nasdaq with no immediate impact from the notice
• Initial 180-day compliance period granted until February 8, 2027
• Potential eligibility for an additional 180-day grace period if Nasdaq conditions are met

Negative

• Currently non-compliant with Nasdaq $1.00 minimum bid requirement after 30 consecutive days below threshold
• Risk of Nasdaq delisting if compliance is not regained within allowed periods
• May need to implement a reverse stock split to cure deficiency
• Company states there is no assurance it can timely regain or maintain compliance

News Explained

The notice does not immediately change Farmmi’s trading terms: its shares remain listed while the company has until February 8, 2027 to regain compliance; a reverse split is only an option, and if used would reduce shares and proportionally raise the per-share price without changing company value by the split itself.

Market Reaction – FAMI

-0.16% $0.13 14.1x vol

15m delay

-0.16% Vs previous close

$0.13 Last Price

$0.12 $0.16 Day Range

$4.81M Market Cap

14.1x Rel. Volume

Following this news, FAMI has declined 0.16%, reflecting a mild negative market reaction. Our momentum scanner has triggered 44 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $0.13. Trading volume is exceptionally heavy at 14.1x the average, suggesting significant selling pressure.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

Farmmi's recent offering history included a -13.09% reaction after the June 30 closing. Against this...

Analysis

Farmmi's recent offering history included a -13.09% reaction after the June 30 closing. Against this listing notice, that record supplies a negative-news comparison; the February 8, 2027 deadline and delisting risk warrant monitoring.

Key Figures

Notification date: August 11, 2026 Minimum bid threshold: $1.00 per share Noncompliance duration: 30 consecutive business days +5 more

8 metrics

Notification date August 11, 2026 Nasdaq deficiency letter

Minimum bid threshold $1.00 per share Nasdaq minimum bid price requirement

Noncompliance duration 30 consecutive business days Closing bid price below $1.00

Initial compliance period 180 calendar days Period to regain Nasdaq compliance

Compliance deadline February 8, 2027 End of initial compliance period

Required bid-price duration $1.00 for 10 consecutive business days Condition for written confirmation of compliance

Reverse-split deadline 10 business days prior Deadline before February 8, 2027

Additional grace period 180 calendar days Potential second compliance period

Historical Context

5 past events · Latest: Aug 04 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 04	Acquisition proposal	Neutral	+0.6%	Proposed acquisition of Brazilian agricultural supply chain company
Jun 30	Public offering closing	Negative	-13.1%	Closed $3.0 million underwritten offering for corporate purposes
Jun 29	Public offering pricing	Negative	-77.5%	Priced $3.0 million offering at $0.25 per share
Jun 26	Public offering launch	Negative	-77.5%	Announced proposed offering under effective Form F-3 shelf
Mar 11	Permit receipt	Neutral	+0.0%	Received hazardous materials permit for California facility

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

Pattern Detected

Offering announcements in the record were followed by negative reactions, while the acquisition proposal produced a positive reaction and the permit announcement produced no change.

Key Terms

minimum bid price requirement, reverse stock split, delisting

3 terms

minimum bid price requirement regulatory

"not in compliance with the minimum bid price requirement set forth under Nasdaq"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

reverse stock split regulatory

"If the Company chooses to implement a reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

delisting regulatory

"its securities will be subject to delisting"

Delisting occurs when a company's stock is removed from a stock exchange and is no longer available for trading there. This can happen voluntarily or because the company no longer meets the exchange's requirements. For investors, delisting means they can no longer buy or sell shares of that company on the exchange, which may make it more difficult to sell their investments or affect the stock's value.

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LISHUI, China, Aug. 12, 2026 /PRNewswire/ -- Farmmi, Inc. (NASDAQ: FAMI) ("Farmmi" or the "Company"), today announced that on August 11, 2026, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's Class A ordinary shares was below $1.00 per share for a period of 30 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's Class A ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker "FAMI".

Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days, or until February 8, 2027 (the "Compliance Period"), to regain compliance with Nasdaq's minimum bid price requirement. If at any time during the Compliance Period, the closing bid price per share of the Company's Class A ordinary shares is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company a written confirmation of compliance and the matter will be closed. If the Company chooses to implement a reverse stock split, it must complete the reverse split no later than ten business days prior to February 8, 2027 in order to regain compliance.

In the event the Company does not regain compliance by February 8, 2027, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days. However, if it appears to Nasdaq that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that its securities will be subject to delisting.

The Company is monitoring the trading price of its Class A ordinary shares and evaluating options to regain compliance with the minimum bid price requirement, including by effecting a reverse stock split, if necessary. However, there can be no assurance that the Company will be able to timely regain or maintain compliance with Nasdaq's continued listing requirement.

About Farmmi, Inc.

Established in 1998, Farmmi Inc. (Nasdaq: FAMI) is an agricultural products supplier and retailer of edible mushrooms such as Shiitake and Mu Er, as well as other agricultural products. The Company also provides logistics and supply chain services in the United States. For further information about the Company, please visit: https://www.farmmi.com.

Forward-Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and our end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China, our ability to attract and retain skilled professionals, client concentration, industry segment concentration, and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Farmmi may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

For more information, please contact Investor Relations:

Farmmi, Inc.
Investor Relations
Tel: +86-0578-82612876
ir@farmmi.com

View original content:https://www.prnewswire.com/news-releases/farmmi-receives-nasdaq-notification-regarding-minimum-bid-requirements-302849938.html

SOURCE Farmmi, Inc.

FAQ

Why did Farmmi (NASDAQ: FAMI) receive a Nasdaq minimum bid price notification on August 11, 2026?

Farmmi received the notification because its Class A shares closed below $1.00 for 30 consecutive business days. According to Farmmi, this triggered non-compliance with Nasdaq Listing Rule 5550(a)(2), which sets the minimum bid price requirement for continued listing on the exchange.

What is the compliance deadline for Farmmi (FAMI) to meet Nasdaq’s $1.00 minimum bid requirement?

Farmmi has until February 8, 2027 to regain compliance with Nasdaq’s minimum bid rule. According to Farmmi, it must achieve a closing bid price of at least $1.00 for a minimum of ten consecutive business days within this 180-day compliance period.

How can Farmmi (FAMI) regain compliance with Nasdaq’s minimum bid price rule?

Farmmi can regain compliance if its shares trade at or above $1.00 for at least ten consecutive business days. According to Farmmi, one option is a reverse stock split, which must be completed at least ten business days before February 8, 2027, if used.

Will Farmmi (FAMI) be delisted from Nasdaq because of the minimum bid notice?

Farmmi’s shares remain listed and trading on Nasdaq, and there is no immediate delisting. According to Farmmi, delisting would occur only if it fails to regain compliance within the initial 180 days and any additional 180-day grace period for which it might qualify.

Can Farmmi (FAMI) obtain an additional 180-day grace period from Nasdaq?

Farmmi may obtain another 180 days if it meets Nasdaq’s continued listing criteria other than bid price. According to Farmmi, it must satisfy market value and initial listing standards and notify Nasdaq of its intention to cure the deficiency, possibly via a reverse split.

Is Farmmi (FAMI) planning a reverse stock split to address Nasdaq’s bid price deficiency?

Farmmi is evaluating options, including a possible reverse stock split, to regain compliance. According to Farmmi, any reverse split used to cure the deficiency must be completed no later than ten business days before February 8, 2027, but no specific action is guaranteed.