Big Lake Capital, LLC, Led and Controlled by NMHI CEO, Converts $671,984 Note into Nature's Miracle ("NMHI") Common Stocks
Nature's Miracle (NMHI) announced that Big Lake Capital, controlled by CEO Tie "James" Li, has converted $678,290 of debt into 3,425,706 shares at a conversion price of $0.1980 per share. The conversion stems from a Convertible Promissory Note signed on April 11, 2025, which allows for total borrowing of up to $2 million.
The note's terms include a 10% interest rate payable monthly with a one-year term. Following this conversion, no amounts remain outstanding from the initial $600,000 tranche. The company maintains the ability to borrow an additional $1.342 million under the note's terms.
Nature's Miracle (NMHI) ha annunciato che Big Lake Capital, controllata dall'amministratore delegato Tie "James" Li, ha convertito un debito di 678.290 dollari in 3.425.706 azioni al prezzo di conversione di 0,1980 dollari per azione. La conversione deriva da una Nota Promissoria Convertibile firmata l'11 aprile 2025, che consente un prestito totale fino a 2 milioni di dollari.
I termini della nota prevedono un tasso d'interesse del 10% pagabile mensilmente con una durata di un anno. Dopo questa conversione, non rimangono importi in sospeso dalla tranche iniziale di 600.000 dollari. L'azienda mantiene la possibilità di prendere in prestito ulteriori 1,342 milioni di dollari secondo i termini della nota.
Nature's Miracle (NMHI) anunció que Big Lake Capital, controlada por el CEO Tie "James" Li, ha convertido una deuda de 678,290 dólares en 3,425,706 acciones a un precio de conversión de 0.1980 dólares por acción. La conversión proviene de un Pagaré Convertible firmado el 11 de abril de 2025, que permite un préstamo total de hasta 2 millones de dólares.
Los términos del pagaré incluyen una tasa de interés del 10% pagadera mensualmente con un plazo de un año. Tras esta conversión, no quedan montos pendientes de la primera emisión de 600,000 dólares. La compañía mantiene la capacidad de pedir prestado un adicional de 1.342 millones de dólares bajo los términos del pagaré.
Nature's Miracle (NMHI)는 CEO Tie "James" Li가 통제하는 Big Lake Capital이 678,290달러의 부채를 주당 0.1980달러의 전환 가격으로 3,425,706주로 전환했다고 발표했습니다. 이 전환은 2025년 4월 11일에 서명된 전환 사채 약속어음에 근거하며, 최대 200만 달러까지 차입할 수 있습니다.
이 약속어음의 조건에는 월별 지급되는 10% 이자율과 1년 만기가 포함되어 있습니다. 이번 전환 이후 초기 60만 달러 차입금은 모두 상환되었습니다. 회사는 약속어음 조건에 따라 추가로 134만 2천 달러를 차입할 수 있는 권한을 유지하고 있습니다.
Nature's Miracle (NMHI) a annoncé que Big Lake Capital, contrôlé par le PDG Tie "James" Li, a converti une dette de 678 290 $ en 3 425 706 actions au prix de conversion de 0,1980 $ par action. Cette conversion découle d'une reconnaissance de dette convertible signée le 11 avril 2025, qui permet un emprunt total allant jusqu'à 2 millions de dollars.
Les conditions de la reconnaissance de dette incluent un taux d'intérêt de 10% payable mensuellement avec une durée d'un an. Après cette conversion, aucun montant n'est dû sur la tranche initiale de 600 000 $. La société conserve la possibilité d'emprunter un montant supplémentaire de 1,342 million de dollars selon les termes de la reconnaissance.
Nature's Miracle (NMHI) gab bekannt, dass Big Lake Capital, kontrolliert von CEO Tie "James" Li, Schulden in Höhe von 678.290 USD in 3.425.706 Aktien zu einem Umwandlungspreis von 0,1980 USD pro Aktie umgewandelt hat. Die Umwandlung basiert auf einem am 11. April 2025 unterzeichneten Wandelanleihe-Schuldschein, der eine Gesamtaufnahme von bis zu 2 Millionen USD ermöglicht.
Die Bedingungen des Schuldscheins beinhalten einen 10% Zinssatz, der monatlich zahlbar ist, mit einer Laufzeit von einem Jahr. Nach dieser Umwandlung sind keine Beträge aus der ursprünglichen Tranche von 600.000 USD mehr ausstehend. Das Unternehmen behält die Möglichkeit, unter den Bedingungen des Schuldscheins weitere 1,342 Millionen USD aufzunehmen.
- None.
- Share dilution from issuance of 3,425,706 new shares
- High 10% interest rate on the convertible note indicates expensive financing terms
Pursuant to the Convertible Promissory Note signed on April 11, 2025, the Investor is going to lend to the Company up to
Following the conversion, no amounts are outstanding under the note. The Company may borrow up to an additional amount of
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing agriculture technology company providing products and services to growers in the Controlled Environment Agriculture ("CEA") industry in the
Forward-Looking Statements
The information in this press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "forecast," "intends," "may," "will," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example: the intended use of proceeds from the offering; successful launch and implementation of Nature's Miracle's joint projects with manufacturers and other supply chain participants of steel, rubber and other materials; changes in Nature's Miracle's strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects and plans; Nature's Miracle's ability to develop and launch new products and services; Nature's Miracle's ability to successfully and efficiently integrate future expansion plans and opportunities; Nature's Miracle's ability to grow its business in a cost-effective manner; Nature's Miracle's product development timeline and estimated research and development costs; the implementation, market acceptance and success of Nature's Miracle's business model; developments and projections relating to Nature's Miracle's competitors and industry; and Nature's Miracle's approach and goals with respect to technology.
These forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing views as of any subsequent date, and no obligation is undertaken to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. As a result of a number of known and unknown risks and uncertainties, actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include: the ability to maintain the listing of the Company's shares on the OTC; changes in applicable laws or regulations; the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk of downturns and the possibility of rapid change in the highly competitive industry in which Nature's Miracle's operates; the risk that Nature's Miracle's and its current and future collaborators are unable to successfully develop and commercialize Nature's Miracle's products or services, or experience significant delays in doing so; the risk that the Company may never achieve or sustain profitability; the risk that the Company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the Company experiences difficulties in managing its growth and expanding operations; the risk that third-party suppliers and manufacturers are not able to fully and timely meet their obligations; the risk that Nature's Miracle's is unable to secure or protect its intellectual property; the possibility that Nature's Miracle's may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties described in Nature's Miracle's filings from time to time with the SEC.
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SOURCE Nature's Miracle Holding Inc.
FAQ
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