Farmmi, Inc.
For the period ended Mar 12, 2025. Filed Mar 12, 2025.
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Mar 12, 2025 · Filed Mar 12, 2025
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EXPLANATORY NOTE
As previously reported, on February 25, 2025, shareholders of Farmmi, Inc. (the “Company”), at the annual general meeting of shareholders, approved proposals to: (a) effect a consolidation of the Company’s authorized shares, including issued and unissued shares, at the ratio of one-for-twelve (the “Share Consolidation”) such that following the Share Consolidation, the authorized share capital of the Company be changed to $100,000,000, divided into 41,666,667 ordinary shares of $2.40 par value each, and (b) increase the authorized share capital of the Company from $100,000,000 to $12,000,000,000, divided into 5,000,000,000 ordinary shares of $2.40 par value each (the “Share Capital Increase”).
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