Farmmi, inc. closes $48.3 million upsized underwritten public offering of ordinary shares including exercise of the over-allotment

Lishui, china, may 3, 2021 /prnewswire/ -- farmmi, inc. ("farmmi" or the "company") (nasdaq: fami), an agriculture products supplier in china, today announced that it has completed an upsized underwritten public offering (the "offering") with gross proceeds to the company expected to be approximately $48.3 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the company. the offering was upsized from a $35 million base to a $42 million base, with an aggregate offering of $48.3 million, including the successful execution of the over-allotment.
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