Farmmi receives Nasdaq notice for falling below minimum bid price

Farmmi, Inc. (NASDAQ: FAMI), an agricultural products supplier based in Lishui, China, has received a deficiency notice from The Nasdaq Stock Market LLC stating that its Class A ordinary shares failed to maintain a closing bid price of at least $1.00 for 30 consecutive business days, putting the company out of compliance with Nasdaq Listing Rule 5550(a)(2).

The notification, dated August 11, 2026, does not immediately affect the listing of Farmmi's shares, which continue to trade on Nasdaq under the ticker "FAMI."

Under Nasdaq Listing Rule 5810(c)(3)(A), Farmmi has 180 calendar days, until February 8, 2027, to regain compliance. The company can satisfy the requirement if its shares close at or above $1.00 for at least ten consecutive business days within that period. A reverse stock split is also an option, provided it is completed no later than ten business days before the February 8, 2027 deadline.

If compliance is not regained by that date, Farmmi may qualify for an additional 180-day grace period, subject to meeting other Nasdaq listing standards and submitting written notice of its intent to cure the deficiency. Failure to meet those conditions could result in Nasdaq initiating delisting proceedings.

According to the company's statement, Farmmi is monitoring its share price and evaluating options to regain compliance, including a potential reverse stock split. The company noted there is no assurance it will be able to regain or maintain compliance with Nasdaq's continued listing requirements.

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