Farmmi (NASDAQ: FAMI) raises $5.8M in $0.35 share sale
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Farmmi, Inc. entered into a securities purchase agreement on June 16, 2026 for a registered direct offering of 16,571,429 Class A ordinary shares at $0.35 per share, for gross proceeds of about $5.8 million.
The company plans to use the net proceeds for working capital and general corporate purposes. The shares are being issued under Farmmi’s effective shelf registration statement on Form F-3, using a prospectus supplement and related legal opinion from Campbells LLP.
Positive
- None.
Negative
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Key Figures
Shares offered: 16,571,429 shares
Offering price: $0.35 per share
Gross proceeds: $5.8 million
+2 more
5 metrics
Shares offered
16,571,429 shares
Class A ordinary shares in registered direct offering
Offering price
$0.35 per share
Price for Class A ordinary shares
Gross proceeds
$5.8 million
Before deducting offering expenses
Offering date
June 16, 2026
Date of securities purchase agreement
F-3 effectiveness
June 27, 2024
Form F-3 declared effective by SEC
Key Terms
registered direct offering, securities purchase agreement, shelf registration statement, prospectus supplement, +1 more
5 terms
registered direct offering financial
"issue and sell to such Purchasers, in a registered direct offering (the “Offering”)"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
securities purchase agreement financial
"entered into a securities purchase agreement (the “Purchase Agreement”)"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
shelf registration statement regulatory
"effective shelf registration statement on Form F-3 (File No. 333-280348)"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"offered pursuant to a prospectus supplement to the Company’s effective shelf"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Form F-3 regulatory
"Registration Statement on Form F-3 (File No. 333-280348)"
Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.
FAQ
What did Farmmi (FAMI) announce in this June 2026 Form 6-K?
Farmmi agreed to sell 16,571,429 Class A ordinary shares in a registered direct offering. The shares are priced at $0.35 each, providing gross proceeds of about $5.8 million to support working capital and general corporate purposes.
How much capital is Farmmi (FAMI) raising in this offering?
Farmmi expects gross proceeds of approximately $5.8 million from selling 16,571,429 Class A ordinary shares. These proceeds are before deducting offering expenses and will be used for working capital and general corporate purposes, according to the company’s disclosure.
Under which registration statement is Farmmi (FAMI) conducting this offering?
The shares are offered under Farmmi’s shelf registration statement on Form F-3, File No. 333-280348. This registration statement was filed with the SEC on June 18, 2024 and declared effective on June 27, 2024, enabling the registered direct offering.
Does this Farmmi (FAMI) Form 6-K itself constitute an offer to sell securities?
No, the Form 6-K explicitly states it does not constitute an offer to sell or a solicitation to buy securities. Any such offer or sale must comply with applicable securities laws and proper registration or qualification in relevant jurisdictions.