Farmmi fails to meet Nasdaq minimum bid price requirement, risking delisting from NASDAQ
Executive summary: Farmmi, Inc. received a letter from Nasdaq on August 11, 2026, notifying the company that it is not in compliance with the minimum bid price requirement due to its stock trading below $1.00 per share. Non-compliance risks delisting from NASDAQ, which could reduce liquidity, increase volatility, and impair the company's ability to raise capital, affecting investor confidence and market perception.
Who is involved: Farmmi, Inc. (NASDAQ: FAMI), Nasdaq Stock Market LLC, and the company's shareholders.
Likely next: Farmmi will have 180 days to regain compliance, potentially through a reverse stock split or sustained price increase above $1.00; failure to do so may trigger delisting proceedings.
On August 11, 2026, Farmmi, Inc. (NASDAQ: FAMI) received a formal notification from Nasdaq that its stock is not in compliance with the exchange's minimum bid price requirement of $1.00 per share. This follows a period of sustained trading below the threshold, triggering Nasdaq's compliance review process. The company now has a grace period to regain compliance, typically 180 days, or risk delisting. No further details on corrective actions were disclosed in the announcement.
Timeline
- — Farmmi Receives NASDAQ Notification Regarding Minimum Bid Requirements (PR Newswire)
- — Hongli Group Inc. Announces Compliance with Nasdaq Minimum Bid Price Requirement (PR Newswire)
Analysis — what this means
Likely next events
- Farmmi must submit a compliance plan to Nasdaq by approximately February 7, 2027, to avoid delisting
- Potential announcement of a reverse stock split by Farmmi in Q4 2026 to elevate share price above $1.00
Sectors affected
- Agricultural products
- Food processing
- NASDAQ-listed Chinese equities
Regulatory implications
- Nasdaq Listing Rule 5450(a)(1) requires minimum $1.00 bid price; continued non-compliance leads to delisting procedures
- Farmmi must file Form 8-K upon any delisting determination or appeal
Historical parallels
- Hongli Group Inc. (HLP) regained Nasdaq compliance on August 7, 2026, after receiving a similar notice earlier in August 2026
- In 2023, over 120 Nasdaq-listed companies received deficiency notices for sub-$1.00 bids, with ~30% delisted after failing to comply