Nature's Miracle Holding Inc. ("NMHI") Management and a Lender Invested $1.69 Million in NMHI Shares through Liability and Debt Conversion
Nature's Miracle Holding Inc. (OTCQB:NMHI) announced that its management team and a lender have converted $1.69 million in accrued compensation and debt into 12.97 million shares at $0.1305 per share.
The conversion includes CEO James Li ($673,476), President Jonathan Zhang ($406,691), CFO George Yutuc ($52,000), and a lender converting $560,000 of liabilities. The company aims to strengthen its financial position following its $100 million distribution deal with Faraday Future and adoption of a $20 million XRP Treasury Program, with plans to uplist to Nasdaq or another national exchange.
Nature's Miracle Holding Inc. (OTCQB:NMHI) ha annunciato che il suo team di gestione e un creditore hanno convertito 1,69 milioni di dollari di compensi maturati e debiti in 12,97 milioni di azioni a 0,1305 dollari per azione.
La conversione riguarda il CEO James Li (673.476 dollari), il Presidente Jonathan Zhang (406.691 dollari), il CFO George Yutuc (52.000 dollari) e un creditore che converte 560.000 dollari di passività. L'azienda punta a rafforzare la propria posizione finanziaria dopo l'accordo di distribuzione da 100 milioni di dollari con Faraday Future e l'adozione di un programma XRP Treasury da 20 milioni di dollari, con l'intenzione di quotarsi al Nasdaq o in un altro mercato nazionale.
Nature's Miracle Holding Inc. (OTCQB:NMHI) anunció que su equipo directivo y un prestamista han convertido 1,69 millones de dólares en compensaciones acumuladas y deudas en 12,97 millones de acciones a 0,1305 dólares por acción.
La conversión incluye al CEO James Li (673,476 dólares), al presidente Jonathan Zhang (406,691 dólares), al CFO George Yutuc (52,000 dólares) y a un prestamista que convierte 560,000 dólares en pasivos. La compañía busca fortalecer su posición financiera tras su acuerdo de distribución de 100 millones de dólares con Faraday Future y la adopción de un programa XRP Treasury de 20 millones de dólares, con planes de cotizar en Nasdaq u otra bolsa nacional.
Nature's Miracle Holding Inc. (OTCQB:NMHI)는 경영진과 대출자가 169만 달러의 미지급 보상 및 부채를 주당 0.1305달러에 1297만 주로 전환했다고 발표했습니다.
이번 전환에는 CEO 제임스 리(673,476달러), 사장 조나단 장(406,691달러), CFO 조지 유턱(52,000달러) 및 560,000달러의 부채를 전환하는 대출자가 포함됩니다. 회사는 Faraday Future와의 1억 달러 유통 계약과 2천만 달러 규모의 XRP 재무 프로그램 도입 이후 재무 상태를 강화하고 나스닥 또는 다른 국가 거래소 상장을 계획하고 있습니다.
Nature's Miracle Holding Inc. (OTCQB:NMHI) a annoncé que son équipe de direction et un prêteur ont converti 1,69 million de dollars de rémunérations accumulées et de dettes en 12,97 millions d’actions au prix de 0,1305 dollar par action.
La conversion inclut le PDG James Li (673 476 dollars), le président Jonathan Zhang (406 691 dollars), le directeur financier George Yutuc (52 000 dollars) ainsi qu’un prêteur convertissant 560 000 dollars de passifs. La société vise à renforcer sa position financière suite à son accord de distribution de 100 millions de dollars avec Faraday Future et l’adoption d’un programme de trésorerie XRP de 20 millions de dollars, avec des projets de cotation au Nasdaq ou sur une autre bourse nationale.
Nature's Miracle Holding Inc. (OTCQB:NMHI) gab bekannt, dass das Managementteam und ein Kreditgeber 1,69 Millionen US-Dollar an aufgelaufener Vergütung und Schulden in 12,97 Millionen Aktien zu 0,1305 US-Dollar pro Aktie umgewandelt haben.
Die Umwandlung umfasst CEO James Li (673.476 US-Dollar), Präsident Jonathan Zhang (406.691 US-Dollar), CFO George Yutuc (52.000 US-Dollar) und einen Kreditgeber, der 560.000 US-Dollar an Verbindlichkeiten umwandelt. Das Unternehmen möchte seine finanzielle Position nach dem 100-Millionen-Dollar-Vertriebsabkommen mit Faraday Future und der Einführung eines 20-Millionen-Dollar-XRP-Treasury-Programms stärken und plant eine Notierung an der Nasdaq oder einer anderen nationalen Börse.
- Management's confidence demonstrated by converting $1.13M of compensation into equity
- Reduction in company liabilities through $1.69M debt conversion
- Recent securing of $100M distribution deal with Faraday Future
- Adoption of up to $20M XRP Treasury Program
- Strategic plans for uplisting to Nasdaq or another national exchange
- Share dilution from issuing 12.97M new shares
- Current trading on OTCQB market indicates lower tier listing status
The Company's management team converted a total of
James Li, chairman and CEO of Nature's Miracle commented "We are proud to announce Management and a lender have agreed to the liabilities and debt conversion into the Company's equity. This will reduce the Company's liabilities and strengthen our shareholder's equity. With the recent
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
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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 quotation 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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