LISHUI, China, Sept. 10, 2021 /PRNewswire/ -- Farmmi, Inc.
("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products
supplier in China, today announced
that it intends to offer in an underwritten public offering
ordinary shares and pre-funded warrants to purchase ordinary shares
("Offering"). The pre-funded warrants shall be offered at the same
price per share as the ordinary shares, less the $0.001 per share exercise price of each
pre-funded warrant. The Company intends to use the net proceeds
from this offering for general corporate and working capital needs
and capital expenditures. The ordinary shares are trading on The
Nasdaq Capital Market under the symbol "FAMI." The Offering is
subject to market conditions, and there can be no assurance as to
whether or when the Offering may be completed, or as to the actual
size or terms of the Offering.
Aegis Capital Corp. is acting as the sole book-running
manager for the offering.
The Offering is being made pursuant to an effective shelf
registration statement on Form F-3 (No 333-254036) previously filed
with the U.S. Securities and Exchange Commission (the "SEC") and
declared effective by the SEC on March 16,
2021. A preliminary prospectus supplement and accompanying
prospectus describing the terms of the Offering will be filed with
the SEC and will be available on the SEC's website located at
http://www.sec.gov. Electronic copies of the preliminary prospectus
supplement and the accompanying prospectus may be obtained, when
available, by contacting Aegis Capital Corp., Attention: Syndicate
Department, 810 7th Avenue, 18th floor, New York, NY 10019, by email at
syndicate@aegiscap.com, or by telephone at (212) 813-1010. Before
investing in this offering, interested parties should read in their
entirety the prospectus supplement and the accompanying prospectus
and the other documents that the Company has filed with the SEC
that are incorporated by reference in such prospectus supplement
and the accompanying prospectus, which provide more information
about the Company and such offering.
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
jurisdiction.
About Farmmi, Inc.
Headquartered in Lishui, Zhejiang, Farmmi, Inc. (NASDAQ: FAMI), is an
agricultural products supplier, processor and retailer of Shiitake
mushrooms, Mu Er mushrooms, other edible fungi and other
agricultural products. For further information about the Company,
please visit: http://ir.farmmi.com.cn/.
Forward-Looking Statements
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 and the size of the worldwide mushroom
market. 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.