Farmmi completed a $3.0 million Nasdaq public offering on June 30, 2026, selling 7 million Class A shares and pre-funded warrants to buy 5 million more shares for working capital and general corporate purposes.
Farmmi, Inc. said it closed its previously announced firm commitment underwritten public offering on June 30, 2026, raising about $3.0 million in gross proceeds before fees and expenses. The Nasdaq-listed company sold 7,000,000 Class A ordinary shares and pre-funded warrants to purchase 5,000,000 ordinary shares at $0.25 per share or $0.24999 per pre-funded warrant, with a nominal $0.00001 exercise price. The pre-funded warrants are immediately exercisable until fully exercised. Farmmi said it plans to use net proceeds, together with existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as sole book-running manager and received a 45-day option to buy up to 1,800,000 additional ordinary shares to cover over-allotments. The offering was conducted under an SEC shelf registration statement on Form F-3 that became effective on June 27, 2024.