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.
Farmmi Faces Delisting Risk After NASDAQ Price Breach
Shares of Lishui-based agricultural supplier Farmmi, Inc. have fallen below the $1.00 threshold for 30 consecutive business days, triggering a formal deficiency notice from the NASDAQ. The company now faces a ticking clock to restore its stock value or risk removal from the exchange by early 2027.
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.
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