DelistingAug 12, 2026, 04:45 PM
Farmmi receives Nasdaq delisting notice for bid price
AI Summary
Farmmi, Inc. received a Nasdaq notification on August 11, 2026, for failing to meet the minimum $1.00 bid price requirement for 30 consecutive business days. The company has 180 calendar days, until February 8, 2027, to regain compliance, potentially through a reverse stock split. Separately, Farmmi entered an exchange agreement with Atlas Sciences, LLC, issuing 1,581,027 Class A ordinary shares to satisfy a $200,000 promissory note.
Key Highlights
- Received Nasdaq notification on August 11, 2026, for minimum bid price deficiency.
- Closing bid price was below $1.00 for 30 consecutive business days.
- Has 180 calendar days, until February 8, 2027, to regain compliance.
- May consider a reverse stock split to meet the $1.00 minimum bid price.
- Entered an exchange agreement with Atlas Sciences, LLC on August 11, 2026.
- Issued 1,581,027 Class A ordinary shares to satisfy a $200,000 promissory note.
Price Impact
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