Farmmi (FAMI) confirms filing of dual‑class share charter in Cayman
Rhea-AI Filing Summary
Farmmi, Inc. has confirmed that its Fourth Amended and Restated Memorandum and Articles of Association has been filed with the Cayman Islands Registrar of Companies. The updated charter reorganizes the company’s equity into a dual‑class share structure of Class A and Class B ordinary shares.
The company is now authorized to issue 4,500,000,000 Class A ordinary shares and 500,000,000 Class B ordinary shares, each with a nominal value of
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Insights
Farmmi adopts a dual‑class share structure with high‑vote Class B stock.
Farmmi, Inc. has implemented a dual‑class capital structure through its Fourth Amended and Restated Memorandum and Articles of Association. Class A ordinary shares have one vote per share, while Class B ordinary shares carry fifty votes per share, creating a strong voting distinction.
The authorization of 4,500,000,000 Class A and 500,000,000 Class B shares at a nominal value of
This change primarily affects control dynamics rather than current financial performance. Future disclosures in company filings may provide more detail on how Class B shares are allocated among key holders and how the voting imbalance influences corporate decision‑making over time.