Farmmi Confirms Dual-Class Share Structure with 50:1 Voting Differential
FAMI is trading near its 52-week low of $1.11 (14% above the low).
Summary
Farmmi, Inc. has officially adopted a dual-class share structure, creating Class A shares with one vote and Class B shares with fifty votes, significantly impacting shareholder control.
Key Events · Corporate Governance and Compliance · FAMI
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Dual-Class Share Structure Implemented
The company confirmed the filing of amended articles establishing Class A and Class B ordinary shares.
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Significant Voting Power Differential
Class A shares carry one vote, while Class B shares are entitled to fifty votes per share, concentrating control.
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Shareholder Approval on December 5, 2025
The reclassification was approved at an extraordinary general meeting of shareholders held on December 5, 2025.
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Par Value Set at US$2.40
Both Class A and Class B ordinary shares have a nominal or par value of US$2.40 each.
Analysis · FAMI · Manufacturing
Farmmi, Inc. has confirmed the filing of its Fourth Amended and Restated Memorandum and Articles of Association, establishing a dual-class share structure. This change, approved by shareholders on December 5, 2025, reclassifies ordinary shares into Class A (one vote per share) and Class B (fifty votes per share). This significant alteration concentrates voting power, potentially reducing the influence of Class A shareholders and raising corporate governance concerns, particularly for a micro-cap company. The par value for both classes is set at US$2.40, which is above the current stock price of $1.27. This follows a recent 6-K filing on January 30, 2026, which announced an Extraordinary General Meeting to vote on a capital reduction, suggesting ongoing corporate restructuring efforts.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FAMI was trading at $1.27 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $7M. The 52-week trading range was $1.11 to $3.44. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.