Farmmi, Inc. Announces Completion of $7.5 Million Private Placement
The securities sold by the Company in the private placement consisted of (a) senior convertible notes with an aggregate principal amount of
The Warrants are exercisable by the holder thereof at any time on or after
The Company has agreed to register for resale the Ordinary Shares underlying the Notes and the Warrants with the
For a more complete description of the private placement offering, please see the Company's Current Report on Form 6-K to be filed with the
The Company intends to use the net proceeds of the private placement for working capital and general corporate purposes including, but not limited to, possible strategic acquisitions.
Headquartered in Lishui,
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For more information, please contact Investor Relations at:
Ascent Investor Relations LLC