Farmmi Receives NASDAQ Minimum Bid Requirement Extension
Farmmi, INC. - Ordinary Shares (FAMI)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/farmmi-inc-announces-pricing-of-initial-public-offering-300600088.html
Company Research
Source: PR Newswire
LISHUI, China, April 24, 2020 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced that in response to recent unprecedented turmoil in U.S. and world financial markets, The Nasdaq Stock Market LLC ("NASDAQ") has determined to toll the compliance periods for bid price and market value of publicly held shares ("MVPHS") requirements (collectively, the "Price-based Requirements") through June 30, 2020.NASDAQ noted it believes that the tolling of the compliance periods will allow companies to focus on running their businesses, rather than satisfying market-based requirements that are largely beyond their control in the current environment.Accordingly, since the Company had 107 calendar days remaining in its bid price compliance period at the time of the decision on April 16, 2020, it will, upon reinstatement of the Price-based Requirements, still have 107 calendar days from July 1, 2020, or until October 15, 202
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