Farmmi Inc Stock Price, News & Analysis

Farmmi, Inc. (NASDAQ:FAMI) successfully completed a $48.3 million upsized underwritten public offering of ordinary shares, facilitated by Aegis Capital Corp. as the sole bookrunner. This offering included the exercise of an over-allotment option, reflecting strong investor interest in Farmmi's agricultural products, particularly its focus on Shiitake and Mu Er mushrooms. Established in May 2003 by Yefang Zhang and Zhengyu Wang, Farmmi continues to expand its market presence in the edible fungi sector.

Farmmi, Inc. (NASDAQ: FAMI) has successfully completed an upsized underwritten public offering, raising approximately $48.3 million in gross proceeds. Originally set at $35 million, the offering was increased to $42 million to accommodate demand. The offering includes 140 million ordinary shares at $0.30 per share, with an additional 21 million shares from the underwriter's over-allotment option. Proceeds will be allocated for working capital and general corporate purposes, supporting the company's growth in the agricultural sector.

Farmmi, Inc. (NASDAQ: FAMI) announced an upsized underwritten public offering expected to generate approximately $42.0 million in gross proceeds from the sale of 140,000,000 ordinary shares at $0.30 per share. The offering is set to close on May 3, 2021, pending customary conditions. Additionally, a 45-day over-allotment option may raise total gross proceeds to $48.3 million. The funds will be allocated for working capital and general corporate purposes. Aegis Capital Corp. is the sole book-running manager.

Farmmi, Inc. (NASDAQ: FAMI) announced a significant multi-product export order to Japan for its premium dried mushrooms and black fungus from its subsidiary, Zhejiang Forest Food Co., Ltd. This order reflects the company's ongoing growth and a strong demand for healthy food options globally. Chairwoman and CEO Yefang Zhang highlighted Japan as a key market, emphasizing rising sales due to health trends and the nutritional benefits of mushrooms. Farmmi's investments in supply chain and packaging are expected to enhance its ability to meet large-scale orders, driving further business development.

Farmmi, Inc. (NASDAQ: FAMI) announced a new multi-product order for export to the U.S. from its subsidiary, Zhejiang Forest Food Co., Ltd. This order includes high-quality dried mushrooms and black fungus, targeting major clients like the STANFORD hotel chain and H-MART supermarket. According to CEO Yefang Zhang, the company is experiencing sales momentum and expanding its product range and distribution network. The statement emphasizes Farmmi's commitment to quality and reliability as key drivers for increasing market share.

Farmmi, Inc. (NASDAQ: FAMI), an agriculture products supplier in China, announced that its underwriter has fully exercised an option to purchase an additional 970,419 ordinary shares at $1.15 per share. This brings total gross proceeds to approximately $8.6 million, before expenses. The offering was conducted under an effective F-3 registration statement filed with the SEC. Aegis Capital Corp. served as the Sole Book-Running Manager. The press release includes forward-looking statements, warning that actual results may vary significantly from the company’s expectations.

Farmmi, Inc. (NASDAQ: FAMI) has announced a significant boost in sales momentum through its subsidiary, Zhejiang Forest Food Co., Ltd., which secured a multi-product export order for dried Shiitake mushrooms and black fungus to Israel. The company's Chairwoman, Yefang Zhang, highlighted the success of their strategy to collaborate closely with customers and distributors in both domestic and international markets. With the global mushroom market projected to reach $69.3 billion by 2024, Farmmi is focused on scaling its operations and enhancing brand awareness to capture growth opportunities.

Aegis Capital Corp. has successfully acted as the Sole Bookrunner for a $7.5 million Follow-On Offering for Farmmi, Inc. (NASDAQ: FAMI). This fundraising effort reflects Farmmi's commitment to expanding its operations as a supplier of agricultural products, particularly focusing on small packaged edible fungi, including Shiitake and Mu Er mushrooms. Established in May 2003 by Yefang Zhang and Zhengyu Wang, Farmmi has positioned itself strongly in the market.

Farmmi, Inc. (NASDAQ: FAMI) has successfully completed an underwritten public offering of 6,469,467 ordinary shares at $1.15 per share, totaling approximately $8.6 million in gross proceeds, including an option for underwriters to purchase additional shares. The funds will be allocated for general corporate and working capital needs. The offering was facilitated by Aegis Capital Corp., and the shares were registered under Form F-3 with the SEC.