Farmmi Receives Nasdaq Minimum Bid Price Deficiency Notice

Farmmi, Inc. has received a notification from the Nasdaq Stock Market indicating that the company is currently not in compliance with the exchange's minimum bid price requirement for continued listing.

The deficiency notice is based on the trading price of the company's common stock, which closed below the required $1.00 per share threshold over a specified period. The notice does not immediately result in the delisting of Farmmi's shares from the exchange.

Under Nasdaq rules, the company is typically granted a compliance period to regain compliance with the minimum bid price standard. Farmmi may address the deficiency by demonstrating that its common stock achieves a closing bid price of at least $1.00 per share for a minimum number of consecutive business days during the allotted timeframe.