Farmmi, Inc.

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.

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.

Farmmi, Inc. reported the final results of its annual meeting of shareholders for the fiscal year ended September 30, 2025, held on May 28, 2026. Shareholders approved four key proposals, including the re-election of five directors and the ratification of YCM CPA Inc. as the independent auditor. Additionally, the number of directors on the Board was approved to increase from five to seven, and a share consolidation of the Company's ordinary shares at a ratio between 1-for-5 and 1-for-250 was also approved.

Farmmi, Inc. announced its Annual General Meeting (AGM) to be held on May 28, 2026, where shareholders will vote on several key proposals. These include the re-election of five current directors, the ratification of YCM CPA Inc. as the independent auditor for the fiscal year ending September 30, 2026, and an increase in the Board of Directors from five to seven members. Most notably, shareholders will consider authorizing one or more share consolidations (reverse stock splits) at a ratio between 1-for-5 and 1-for-250 to potentially comply with Nasdaq rules.