Business
Farmmi Announces Exercise and Closing of Underwriter's Over-Allotment Option
LISHUI, China, April 13, 2021 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today
About this update from Farmmi, Inc. Ordinary Shares
[{"type":"text","content":"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.\n\n \n \n \n \n \n \n\n \nAegis Capital Corp. acted as the Sole Book-Running Manager for the offering.\nA 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 protected], or by telephone at (212) 813-1010.\nThis 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.\nAbout Farmmi, Inc.\nHeadquartered 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: http://ir.farmmi.com.cn/.\nForward-Looking Statements\nThis 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 b...