Farmmi Receives NASDAQ Notification Regarding Minimum Bid Requirements

Company Compliance Status - Farmmi Inc received a notification from Nasdaq on April 22, 2024, stating that the company is not in compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) due to its ordinary shares closing below $1 00 per share for 32 consecutive business days [1] - The company has a 180-day compliance period until October 21, 2024, to regain compliance If the closing bid price reaches at least$1 00 per share for 10 consecutive business days during this period, Nasdaq will confirm compliance [2] - If compliance is not achieved by October 21, 2024, the company may be eligible for an additional 180-day grace period [2] Company Overview - Farmmi Inc, established in 1998, is a supplier, processor, and retailer of agricultural products, specializing in edible mushrooms such as Shiitake and Mu Er, as well as other agricultural products [3] - The company operates both online and offline sales channels [3]