Farmmi announces closing of us$6.0 million private placement

Lishui, china, march 2, 2022 /prnewswire/ -- farmmi, inc. ("farmmi" or the "company") (nasdaq: fami), an agriculture products supplier in china, today announced that it closed a private placement transaction (the "private placement"), raising approximately us$6.0 million in gross proceeds, from the sale of 30,000,000 of the company's ordinary shares (the "shares") to various purchasers (the "purchasers"), priced at us$0.20 per share. the shares were sold in transactions exempt from registration under the securities act of 1933, as amended (the "securities act"), in reliance on regulation s thereunder.
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