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Nature's Miracle Holding Inc. (NASDAQ: NMHI), a vertical farming technology leader, has announced the pricing of a $1.2 million public offering. The offering consists of 5,000,000 units priced at $0.24 per unit, each including one common stock share and one Series A Warrant. The closing is expected around July 29, 2024. EF Hutton is the sole book-running manager, with an option to purchase additional shares and warrants within 45 days. The offering is conducted under the company's Form S-1 registration statement, effective July 25, 2024. This announcement does not constitute an offer to sell or solicitation of an offer to buy these securities.
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Nature's Miracle, a leader in Controlled Environment Agriculture, has announced a definitive merger with Lakeshore Acquisition II Corp. (Nasdaq: LBBB). The merger, valued at approximately $265 million, is expected to finalize in Q1 2023 and will allow Nature's Miracle to list on Nasdaq as Nature's Miracle Holding Inc.. Nature's Miracle provides integrated solutions for indoor farming and has begun establishing manufacturing operations in North America. This strategic partnership aims to enhance the development of commercial greenhouses across the U.S. and Canada.