Farmmi (NASDAQ: FAMI) completes $3.0M underwritten share and warrant sale
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Farmmi, Inc. reported that it completed an underwritten public shelf takedown offering with Aegis Capital, selling 7,000,000 Class A ordinary shares and pre-funded warrants to purchase 5,000,000 ordinary shares. The transaction generated approximately $3.0 million in gross proceeds before fees and expenses.
The public offering price was $0.25 per ordinary share and $0.24999 per pre-funded warrant, with each warrant carrying a $0.00001 exercise price and being immediately exercisable. The underwriter also received an option to buy up to 1,800,000 additional ordinary shares to cover over-allotments. Farmmi plans to use the net proceeds for working capital and general corporate purposes.
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Key Figures
Gross proceeds: $3.0 million
Ordinary shares sold: 7,000,000 shares
Pre-funded warrants: 5,000,000 warrants
+5 more
8 metrics
Gross proceeds
$3.0 million
Underwritten public shelf takedown offering
Ordinary shares sold
7,000,000 shares
Class A ordinary shares in the offering
Pre-funded warrants
5,000,000 warrants
Warrants to purchase ordinary shares
Share offering price
$0.25 per share
Public offering price per ordinary share
Pre-funded warrant price
$0.24999 per warrant
Public offering price per pre-funded warrant
Warrant exercise price
$0.00001 per share
Exercise price of each pre-funded warrant
Over-allotment option
1,800,000 shares
Additional ordinary shares to cover over-allotments
Over-allotment percentage
15.0%
Portion of aggregate number of ordinary shares sold
Key Terms
underwritten public shelf takedown offering, Pre-Funded Warrant, shelf registration statement on Form F-3, over-allotments, +1 more
5 terms
underwritten public shelf takedown offering financial
"to the Underwriter, in a underwritten public shelf takedown offering (the “Offering”)"
Pre-Funded Warrant financial
"and pre-funded warrants to purchase 5,000,000 Ordinary Shares (the “Pre-Funded Warrant”)"
A pre-funded warrant is a financial instrument that gives the holder the right to buy shares of a company's stock at a set price, with most of the purchase cost already paid upfront. It functions like a nearly fully paid option, allowing investors to secure shares quickly while minimizing the amount of additional money they need to invest later. This helps investors gain ownership rights efficiently, often used to avoid certain regulatory restrictions or to prepare for future stock purchases.
shelf registration statement on Form F-3 regulatory
"pursuant to a prospectus supplement to the Company’s effective shelf registration statement on Form F-3"
over-allotments financial
"solely to cover over-allotments, if any"
An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.
gross proceeds financial
"Gross proceeds to the Company were approximately $3.0 million"
The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.
FAQ
What capital did Farmmi (FAMI) raise in its June 2026 offering?
Farmmi raised approximately $3.0 million in gross proceeds through an underwritten public shelf takedown offering. The deal combined new Class A ordinary shares and pre-funded warrants, providing fresh capital before underwriting fees and other offering expenses.
How will Farmmi (FAMI) use the proceeds from this underwritten offering?
Farmmi stated it intends to use the net proceeds from the offering for working capital and general corporate purposes. This typically includes funding day-to-day operations, supporting growth initiatives, and maintaining financial flexibility for ongoing business needs.
What role did Aegis Capital play in Farmmi’s (FAMI) June 2026 financing?
Aegis Capital Corp. acted as the sole underwriter in Farmmi’s underwritten public shelf takedown offering. It purchased the offered securities from Farmmi and had an option to buy up to 1,800,000 additional ordinary shares to cover any over-allotments.
Under which registration statement was the Farmmi (FAMI) offering conducted?
The securities were offered under Farmmi’s shelf registration statement on Form F-3 (File No. 333-280348). The related base prospectus and prospectus supplement provided the legal framework for issuing the shares and pre-funded warrants to investors.