Farmmi Faces Delisting Risk After NASDAQ Price Breach

The notification, received on August 11, cites a failure to maintain the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2). Despite the warning, the company’s Class A ordinary shares will continue to trade under the ticker FAMI without immediate interruption. Farmmi has until February 8, 2027, to regain compliance, a goal that requires its share price to close at or above $1.00 for at least ten consecutive business days.

Management is currently evaluating strategies to address the shortfall, including the possibility of a reverse stock split. If the company fails to meet the initial deadline, it may qualify for an additional 180-day grace period, provided it satisfies other listing standards and demonstrates a clear plan to cure the deficiency. However, the company acknowledged that no assurance can be given regarding its ability to maintain compliance or avoid potential delisting.