Farmmi Announces 1-for-12 Share Consolidation
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Farmmi, Inc. (NASDAQ: FAMI) announced a 1-for-12 share consolidation approved at their annual general meeting. This consolidation will take effect on March 17, 2025.
March 12, 2025 | 9:15 pm
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Farmmi, Inc. has announced a 1-for-12 share consolidation, which will be effective on March 17, 2025. This move is likely aimed at increasing the stock price by reducing the number of shares outstanding.
The share consolidation reduces the number of shares outstanding, which typically increases the stock price. This is often done to meet listing requirements or to make the stock more attractive to investors. The announcement is directly from the company and is set to take effect soon, making it highly relevant and important for investors.
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