Farmmi Regains Compliance with NASDAQ Minimum Bid Price Requirement

Rhea-AI Summary

Farmmi (NASDAQ: FAMI), a Chinese agriculture products supplier, has successfully regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). The company received official notification from NASDAQ on April 2, 2025, confirming their compliance status and closing the matter.

Positive

• Regained NASDAQ listing compliance, eliminating delisting risk
• Maintains access to broader investor base through NASDAQ listing

Negative

• None.

LISHUI, China, April 3, 2025 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced that on April 2, 2025, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with NASDAQ's minimum bid price requirement under Listing Rule 5550(a)(2). NASDAQ noted this matter is now closed.

About Farmmi, Inc.

Established in 1998, Farmmi Inc. (Nasdaq: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. Farmmi sells its products through the established distribution channels. For further information about the Company, please visit Farmmi's website.

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 

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SOURCE Farmmi, Inc.

FAQ

What does FAMI's NASDAQ compliance mean for investors?

FAMI's compliance with NASDAQ's minimum bid price requirement means the stock will continue trading on NASDAQ, avoiding potential delisting risks.

When did Farmmi (FAMI) receive NASDAQ compliance confirmation?

Farmmi received NASDAQ compliance confirmation on April 2, 2025.

What NASDAQ rule did FAMI comply with?

FAMI complied with NASDAQ Listing Rule 5550(a)(2), which pertains to minimum bid price requirements.

Has NASDAQ closed the minimum bid price compliance case for FAMI?

Yes, NASDAQ confirmed the minimum bid price compliance matter for FAMI is now closed.