InvestmentJun 22, 2026, 04:32 PM

Farmmi Raises $5.8M in Direct Offering of 16.57M Shares

AI Summary

Farmmi, Inc. announced it has entered into a securities purchase agreement with certain investors for a registered direct offering. The company will issue an aggregate of 16,571,429 Class A ordinary shares at an offering price of $0.35 per share. This offering is expected to generate gross proceeds of $5.8 million, which Farmmi intends to use for working capital and general corporate purposes.

Key Highlights

Farmmi entered a securities purchase agreement on June 16, 2026.
The company will issue 16,571,429 Class A ordinary shares.
Shares are offered at $0.35 each in a registered direct offering.
The offering is expected to generate gross proceeds of $5.8 million.
Net proceeds will be used for working capital and general corporate purposes.
The offering is pursuant to a prospectus supplement to an effective shelf registration statement on Form F-3.

View SEC Filing

FAMI

Packaged Foods

Farmmi, Inc.

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