Farmmi, Inc. Announces Closing of $3.0 Million Underwritten Public Offering

Farmmi, Inc. (NASDAQ: FAMI), a prominent agricultural products supplier based in China, has successfully closed its underwritten public offering, raising approximately $3.0 million. The transaction, which concluded on June 30, 2026, involved the sale of 7,000,000 Class A ordinary shares at a public offering price of $0.25 per share, along with pre-funded warrants to purchase an additional 5,000,000 ordinary shares. Aegis Capital Corp. acted as the sole book-running manager for this offering.

Founded in 1998, Farmmi specializes in the supply, processing, and retail of edible mushrooms, including Shiitake and Mu Er, and has established a significant presence in the agricultural sector. The company also provides logistics and supply chain services in the United States, reflecting its dual-market strategy that leverages both Chinese agricultural production and U.S. distribution networks. This public offering is part of Farmmi's broader strategy to enhance its capital structure and support its operational needs.

The gross proceeds from this offering are expected to be used for general corporate purposes and working capital. The inclusion of pre-funded warrants in the offering structure allows investors to acquire additional shares at a minimal exercise price, potentially increasing liquidity and investor interest. The offering was made under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission, indicating Farmmi's commitment to maintaining compliance and transparency in its capital-raising efforts.

This capital raise comes at a time when the agriculture sector is experiencing significant shifts due to changing consumer preferences and supply chain dynamics. As demand for sustainable and locally sourced agricultural products continues to rise, companies like Farmmi are well-positioned to capitalize on these trends. The ability to access public markets for funding can enhance Farmmi's competitive edge, enabling it to invest in product development, expand distribution capabilities, and improve operational efficiencies.

Looking ahead, the successful completion of this public offering may serve as a positive signal for investor confidence in the agricultural sector, particularly for companies that can demonstrate a robust business model and growth potential. With ongoing developments in agricultural technology and logistics, Farmmi's strategic initiatives may attract further investment interest, positioning the company for future growth in both domestic and international markets.