Farmmi Plans Class A Share Offering to Fund Working Capital Needs
FAMI•Farmmi, Inc. intends to offer additional Class A ordinary shares in a proposed Nasdaq public offering, with Aegis Capital as sole book-running manager. Net proceeds will support general corporate and working capital needs, subject to market conditions and effective shelf registration under SEC Form F-3.
1. Offering Launch
Farmmi, Inc. has launched a proposed public offering of Class A ordinary shares on the Nasdaq Capital Market, engaging Aegis Capital Corp. as sole book-running manager under a firm commitment arrangement. The total size and pricing range of the offering have yet to be determined and will depend on market conditions.
2. Use of Proceeds
Net proceeds from the offering are earmarked for general corporate purposes and working capital needs, aiming to strengthen the company’s operational liquidity and support its agricultural supply chain services in China and the United States.
3. Registration Details
The offering is being made pursuant to an effective shelf registration statement on Form F-3 declared effective by the SEC on June 27, 2024. A final prospectus supplement detailing specific terms will be filed with the SEC prior to completion of the offering.
