How AI Legalese Decoder Can Simplify Understanding Nature’s Miracle Holding Inc.’s $2,000,000 Financing Announcement
- April 14, 2025
- Posted by: legaleseblogger
- Category: Related News
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Nature’s Miracle Holding Inc. Secures Significant Financing
ONTARIO, Calif. – April 14, 2025 — Nature’s Miracle Holding Inc. (NMHI), a prominent leader in the realm of vertical farming technology, has officially announced that it successfully arranged for substantial financing through an agreement with Big Lake Capital, LLC, a notable investment firm. This arrangement, finalized on April 11, 2025, will potentially provide the Company with funding of up to $2,000,000, with an initial funding tranche already disbursed amounting to $600,000. Notably, Big Lake Capital is spearheaded by Tie "James" Li, who serves as both the Chairman and CEO of Nature’s Miracle.
Financing Details
As delineated in the Convertible Promissory Note, executed on April 11, 2025, the terms of this financing arrangement stipulate an interest rate of 10%, with the interest being payable on a monthly basis. The funding has a term of one year, thereby offering the Company a structured yet flexible financial opportunity. Investors have the option to convert any amounts loaned, along with any accrued interest, into shares of the Company’s common stock. The conversion price has been set at $0.198 per share, which corresponds to 110% of the closing price of the Company’s Common Stock recorded on the same date of initial funding. In addition, as part of this agreement, Big Lake Capital will receive warrants allowing the purchase of up to 10,010,101 shares of Common Stock at the same price of $0.198.
About Nature’s Miracle Holding Inc.
Nature’s Miracle is more than just a financing recipient; it is a burgeoning entity in the agricultural technology sector, specializing in supplying innovative products and services to growers within the Controlled Environment Agriculture (CEA) industry across the United States. The Company’s Common Stock is publicly traded on the OTC Markets Group, Inc. under the ticker symbol "NMHI," reflecting its commitment to transparency and accessibility in the investment community.
A Cautionary Note: Forward-Looking Statements
This announcement also incorporates what are termed "forward-looking statements," as defined by the Private Securities Litigation Reform Act of 1995. Such statements encompass a range of future expectations, hopes, and strategies concerning the Company’s operational and financial trajectory. These projections are inherently uncertain, characterized by various risks and uncertainties that may lead to actual results differing from those anticipated. Phrases such as "anticipate," "expect," and "plan" are commonly associated with these forecasts. Readiness to address potential fluctuations in the market and operational landscape is paramount for stakeholders involved.
The Role of AI legalese decoder
In navigating complex financial transactions and legal agreements like the one established between Nature’s Miracle and Big Lake Capital, a tool like AI legalese decoder can be incredibly beneficial. This service can assist both companies and individuals in comprehending intricate legal terminology and implications. By translating dense legal language into clear, understandable terms, AI legalese decoder empowers users to make informed decisions, recognize possible risks, and better understand their rights and obligations under the terms of any agreement. With advancements in AI, this technology is making legal documents more accessible and aiding parties in negotiating terms that are beneficial to all stakeholders involved.
In conclusion, as Nature’s Miracle embarks on this important financing journey, both the company and its stakeholders stand to benefit greatly from clarity and transparency in the legal process, supported by innovative tools that demystify legal jargon and help ensure all parties are fully informed.
SOURCE: Nature’s Miracle Holding Inc.
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