- Nature's Miracle Holding Inc. (NMHI, Financial) secures up to $2,000,000 in financing from Big Lake Capital.
- Initial funding of $600,000 was received on April 11, 2025, under a convertible note at a 10% interest rate.
- The investor, led by NMHI's CEO, can convert the loan into stock at $0.198 per share with warrants for over 10 million shares.
Nature's Miracle Holding Inc. (NMHI), an innovator in vertical farming technology, has announced a financing agreement with Big Lake Capital, LLC, involving an injection of up to $2,000,000. The initial funding installment of $600,000 was completed on April 11, 2025.
The financing is structured as a Convertible Promissory Note with a 10% annual interest rate, payable monthly over a term of one year. This structure allows Big Lake Capital, controlled by NMHI's Chairman and CEO Tie 'James' Li, to convert the funded amount plus any accrued interest into common stock at a conversion price of $0.198 per share, which is 110% of the closing price on the date of initial funding.
In addition to the convertible note, the investor has also received warrants to purchase up to 10,010,101 shares of NMHI common stock at an exercise price of $0.198. This financing move reflects a significant commitment from internal leadership, but also introduces potential dilution for existing shareholders, as well as governance considerations due to the related party nature of the transaction.
Nature's Miracle Holding Inc., trading under the symbol NMHI on OTC Markets, is expanding its scope with new ventures in bitcoin mining and electric vehicles, leveraging its expertise in controlled environment agriculture solutions.
