Farmmi receives Nasdaq notification over minimum bid requirements

Farmmi announced that on April 22, 2024, it received a letter from The Nasdaq Stock Market LLC, notifying the company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the company’s ordinary shares was below $1.00 per share for a period of 32 consecutive business days. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the company’s ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker “FAMI“.