Farmmi Gets Nasdaq Listing Extension
Ticker: FAMI · Form: 6-K · Filed: Oct 23, 2024 · CIK: 1701261
| Field | Detail |
|---|---|
| Company | Farmmi, INC. (FAMI) |
| Form Type | 6-K |
| Filed Date | Oct 23, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: listing-compliance, extension, nasdaq
Related Tickers: FAMI
TL;DR
Nasdaq gives Farmmi (FAMI) until April 21, 2025, to get its stock price back above $1.00.
AI Summary
Farmmi, Inc. received an extension from The Nasdaq Stock Market LLC on October 22, 2024, to regain compliance with the minimum bid price requirement of $1.00 per share. The company now has until April 21, 2025, to meet this listing standard for The Nasdaq Capital Market.
Why It Matters
This extension provides Farmmi, Inc. with more time to address its stock price issues, potentially avoiding delisting and maintaining its presence on a major stock exchange.
Risk Assessment
Risk Level: medium — The company is still non-compliant with Nasdaq's minimum bid price rule, and failure to comply by the new deadline could lead to delisting.
Key Numbers
- $1.00 — Minimum Bid Price (Requirement for Nasdaq listing)
- 180 — Additional Days (Extension period granted by Nasdaq)
- April 21, 2025 — New Deadline (Date by which Farmmi must regain compliance)
Key Players & Entities
- Farmmi, Inc. (company) — Registrant
- The Nasdaq Stock Market LLC (company) — Listing Exchange
- April 21, 2025 (date) — New Compliance Deadline
- $1.00 (dollar_amount) — Minimum Bid Price Requirement
- October 22, 2024 (date) — Extension Granted Date
FAQ
What is the new deadline for Farmmi, Inc. to regain compliance with Nasdaq's minimum bid price rule?
Farmmi, Inc. has until April 21, 2025, to regain compliance with the $1.00 per share minimum bid price requirement.
What specific rule is Farmmi, Inc. trying to comply with?
Farmmi, Inc. is trying to comply with Nasdaq Marketplace Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market.
Who granted Farmmi, Inc. the additional time to comply?
The Nasdaq Stock Market LLC granted Farmmi, Inc. an additional 180 calendar day period.
On what date was the extension granted?
The extension was granted on October 22, 2024.
What is the duration of the extension granted?
The company was granted an additional 180 calendar day period.
Filing Stats: 498 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-10-23 08:35:20
Key Financial Figures
- $1.00 — 21, 2025, to regain compliance with the $1.00 per share minimum required for continue
Filing Documents
- fami_6k.htm (6-K) — 13KB
- fami_ex991.htm (EX-99.1) — 6KB
- fami_ex991img2.jpg (GRAPHIC) — 5KB
- 0001477932-24-006627.txt ( ) — 28KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FARMMI, INC. Date: October 23, 2024 By: / s/ Yefang Zhang Name: Yefang Zhang Title: Chief Executive Officer 3