Farmmi, Inc.
For the period ended Apr 2, 2025. Filed Apr 3, 2025.
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Apr 2, 2025 · Filed Apr 3, 2025
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EXPLANATORY NOTE:
As previously reported, on April 22, 2024, the Registrant received a letter from The Nasdaq Stock Market LLC. (“Nasdaq”) notifying the Registrant that the minimum bid price per share of its common shares was below $1.00 for a period of 30 consecutive business days and that the Registrant did not meet the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”).
The Registrant was provided 180 calendar days, or until October 21, 2024, to regain compliance with the Minimum Bid Price Rule. On October 22, 2024, Nasdaq granted the Registrant an additional 180 calendar days, or until April 21, 2025, to regain compliance.
Since then, Nasdaq has determined that for 10 consecutive business days, from March 17, 2025 to April 1, 2025, the closing bid price of the Registrant’s common shares has been at $1.00 per share or greater. On April 2, 2025, Nasdaq notified the Registrant that it has regained compliance with Listing Rule 5550(a)(2) and the matter is now closed.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 6-K and is incorporated herein by reference.
| Exhibit Number | Description of Exhibit |
| 99.1 | Press release dated April 3, 2025, entitled “Farmmi, Inc. Regains Compliance with NASDAQ Minimum Bid Price Requirement” |
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