Welcome to our dedicated page for Nature's Miracle Holding news (Ticker: NMHI), a resource for investors and traders seeking the latest updates and insights on Nature's Miracle Holding stock.
Nature's Miracle Holding Inc. (NMHI) delivers innovative solutions in vertical farming technology, controlled environment agriculture, and energy-dependent systems. This page provides investors with timely updates on the company’s strategic initiatives across its core agricultural hardware business and emerging ventures in electric vehicles and bitcoin mining.
Access official press releases and curated news covering product launches, financial results, and operational milestones. Track NMHI’s progress in LED lighting innovation, hydroponic system developments, and expansions through subsidiaries like Hydroman Electric and NM Data Inc.
Discover how the company balances its established expertise in indoor agriculture with forward-looking diversification strategies. Stay informed about partnerships, technology advancements, and market positioning without speculative commentary or investment recommendations.
Bookmark this page for streamlined access to verified NMHI updates. Combine foundational knowledge of the company’s agricultural technology with insights into its evolving role across multiple high-growth sectors.
Nature's Miracle Holding (Nasdaq: NMHI) has entered into a Securities Purchase Agreement (SPA) with an institutional investor on January 10, 2025, enabling the company to sell up to $29.7 million in convertible preferred stock.
The funding will be available in tranches, with an initial tranche of $2.7 million split into two parts: $1.8 million funded within one business day after closing and $900,000 following registration statement effectiveness. Subsequent tranches of up to $27 million may be funded in $2.7 million increments, subject to specific conditions including minimum trading volume of $500,000, daily VWAP above $1.50, and a 60-day waiting period between tranches.
The investor will receive warrants to purchase common stock with each tranche funding. The agreement includes requirements for effective registration of convertible shares and limitations on outstanding preferred stock value.
Nature's Miracle Holding (NASDAQ: NMHI) has announced its entry into a Stock Purchase Agreement to acquire a 90% equity stake in J&Y Marigold, a Toronto-based company developing a Bitcoin mining facility. The acquisition, valued at $5.32 million, involves a facility with a planned 14 megawatts (MW) power capacity. The transaction will be completed in two phases: Phase I (9MW) in Q1 2025 and Phase II (5MW) in Q2 2025.
This strategic move represents NMHI's expansion beyond its core vertical farming technology business into the cryptocurrency sector. The company aims to have the Bitcoin mining facility fully operational by first half 2025, positioning itself to capitalize on the growing cryptocurrency market while diversifying its portfolio.
Nature's Miracle Holding (NASDAQ: NMHI) announced key leadership changes with the appointment of Daphne Y. Huang as Chief Financial Officer and the transition of George Yutuc from CFO to Chief Operating Officer. Huang brings over 20 years of financial leadership experience across various sectors, including previous CFO roles at Gorilla Technology Group, GoFor Industries, and Taro Pharmaceutical Industries. Yutuc, who served as CFO until December 1, 2024, brings significant operational experience from his roles at companies like Karat Packaging. These strategic appointments aim to strengthen the company's executive team and support its growth strategy.
Nature's Miracle Holding (NASDAQ: NMHI) has formed NM Data Inc., a Nevada-based subsidiary, to develop Bitcoin mining facilities. NM Data has agreed to invest up to $3 million in Future Tech for a 51% ownership stake, to develop a 50MW Bitcoin mining and data center facility in Stryker, Ohio. The investment includes an initial $200,000 payment with the remaining $2.8 million due within 12 months. The deal is contingent on Future Tech securing an electricity agreement and a ten-year lease option. Additional capital will be required to complete the facility.
Nature's Miracle Holding (NASDAQ: NMHI) announced a $2.0 million debt-to-equity conversion agreement with management and debt holders at $0.088 per share. Chairman and CEO James Li is converting $577,000 of personal loans, while President Jonathan Zhang is converting outstanding trade payables from Uninet Inc. into equity. The conversion aims to reduce company debt and increase stockholder equity by $2.0 million, demonstrating management's commitment to the company's long-term development.
Nature's Miracle Holding (NASDAQ: NMHI) announced a 1-for-30 reverse stock split effective November 21, 2024, at 12:01 a.m. Eastern Time. The split aims to increase the stock's bid price to meet Nasdaq's minimum $1.00 per share requirement for continued listing. Every 30 shares will be combined into 1 share, with fractional shares rounded up. The stock will continue trading under 'NMHI' with a new CUSIP number 63903P 209. Stockholders' proportional ownership will remain unchanged, and Continental Stock Transfer & Trust Company will serve as the exchange agent.
Nature's Miracle Holding (NASDAQ: NMHI) reported Q3 2024 financial results with revenue growth of 13.5% to $3.1 million compared to Q3 2023. The company saw gross profit increase to $228,113 with margin expansion to 7.5%. However, net loss widened to $2.8 million from $0.4 million year-over-year. Notable developments include a $2.1 million debt reduction, receipt of a record $2.4 million LED grow lights order, and a $5.1 million sales agreement with What Rebates. The company also completed two public offerings raising $1.2 million in July and $3 million in November, while announcing expansion into EV-powered mobile vertical farms.
Nature's Miracle Holding (NASDAQ: NMHI) has closed its previously announced public offering, raising approximately $3 million in gross proceeds. The offering included 25,133,631 units at $0.1118 per unit and 1,700,000 pre-funded units at $0.1117 per unit. Each unit consists of one common stock share, one Series A Warrant, and one Series B Warrant. D. Boral Capital acted as the sole book running manager. The offering was conducted under the company's S-1 registration statements, with the final prospectus available on the SEC's website.
Nature's Miracle Holdings (NASDAQ: NMHI) has announced the pricing of a $3 million public offering. The offering consists of 24,137,360 units at $0.1118 per unit and 2,696,271 pre-funded units at $0.1117 per unit. Each unit includes one common stock share, one Series A Warrant, and one Series B Warrant. The pre-funded units include a pre-funded warrant instead of common stock. D. Boral Capital is acting as the sole book running manager, and the offering is expected to close around November 12, 2024.
Nature's Miracle Holding (NASDAQ: NMHI) announced that its subsidiary Hydroman will be renamed to Hydroman Electric as part of a strategic pivot into the EV market. The company will focus on marketing and distributing electric-powered agriculture and commercial vehicles across the United States and South America. This move aligns with their previous agreement with Robostreet to order approximately 150 electric trucks and represents their initiative to diversify into the electrification economy.
FAQ
What is the current stock price of Nature's Miracle Holding (NMHI)?
What is the market cap of Nature's Miracle Holding (NMHI)?
