Corporate ActionJul 6, 2026, 05:22 PM
Farmmi Closes $3.0M Public Offering of Shares & Warrants
AI Summary
Farmmi, Inc. announced the closing of its underwritten public offering, generating gross proceeds of approximately $3.0 million. The offering consisted of 7,000,000 Class A ordinary shares and pre-funded warrants to purchase 5,000,000 ordinary shares. The public offering price was $0.25 per ordinary share and $0.24999 per pre-funded warrant. The company intends to use the net proceeds for working capital and general corporate purposes.
Key Highlights
- Gross proceeds from the offering were approximately $3.0 million.
- The offering included 7,000,000 Class A ordinary shares.
- The offering included pre-funded warrants to purchase 5,000,000 Ordinary Shares.
- Public offering price per Ordinary Share was $0.25.
- Public offering price per Pre-Funded Warrant was $0.24999.
- Company granted Aegis Capital Corp. a 45-day option to purchase up to 1,800,000 additional Ordinary Shares.
- Net proceeds will be used for working capital and general corporate purposes.
Price Impact
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