LISHUI, China, April 13, 2021 /PRNewswire/ -- Farmmi, Inc.
("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products
supplier in China, today announced
that the underwriter of its previously announced underwritten
public offering has exercised, in full, its option to purchase an
additional 970,419 ordinary shares at a price of $1.15 per ordinary share. Total gross proceeds to
the Company from the offering, including the funds received from
the prior closing and exercise of this option, are approximately
$8.6 million, before deducting
underwriting discounts, commissions and other offering expenses
payable by the Company. The offering was made pursuant to an F-3
registration statement (No. 333-254036) previously filed with and
declared effective by the Securities and Exchange Commission (the
"SEC"). A final prospectus and accompany registration statement
relating to the offering were filed with the SEC and are available
on the SEC's website at www.sec.gov.
Aegis Capital Corp. acted as the Sole Book-Running Manager
for the offering.
A copy of the final prospectus and accompanying registration
statement relating to the offering may be obtained by contacting
Aegis Capital Corp., Attention: Syndicate Department, 810 7th
Avenue, 18th floor, New York, NY
10019, by email at email@example.com, or by telephone at (212)
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is a
leading agricultural products supplier, processor and retailer of
Shiitake mushrooms, Mu Er mushrooms and other edible fungi.
For further information about the Company, please visit:
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical fact in this announcement are forward-looking
statements, including the potential impact of COVID-19 on our
business within and outside of China. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
current expectations and projections about future events and
financial trends that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as "may," "will," "expect," "anticipate,"
"aim," "estimate," "intend," "plan," "believe," "potential,"
"continue," "is/are likely to" or other similar expressions. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results.
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SOURCE Farmmi, Inc.