Farmmi announces closing of us$8.0 million private placement

Lishui, china , july 19, 2023 /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$8.0 million in gross proceeds, from the sale of 21,052,632 of the company's ordinary shares (the "shares") to various purchasers (the "purchasers"), priced at us$0.38 per share. on july 12, 2023, the company entered into a securities purchase agreement with certain non-u.s. purchasers (the "purchasers") for the aforementioned placement offering.
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