- Nature's Miracle Holding Inc. (NMHI, Financial) secures up to $2,000,000 in financing from Big Lake Capital.
- Initial funding of $600,000 received on April 11, 2025.
- Convertible promissory note with a one-year term and a 10% monthly interest rate.
Nature's Miracle Holding Inc. (OTC: NMHI), a leader in vertical farming technology, announced the successful arrangement of financing totaling up to $2,000,000 with Big Lake Capital. The transaction was initiated on April 11, 2025, with an initial funding of $600,000.
The financing is structured through a Convertible Promissory Note, featuring a one-year term and a 10% monthly interest rate. Under the terms of the agreement, the amount funded, along with accrued interest, is convertible into NMHI common stock at a price of $0.198 per share, which is 110% of the closing price on the initial funding date.
Additionally, the investor, Big Lake Capital, controlled by NMHI's Chairman and CEO, Tie "James" Li, receives warrants to purchase up to 10,010,101 shares of NMHI common stock at an exercise price of $0.198 per share. This transaction underscores a significant vote of confidence from a major stakeholder but also raises considerations about potential dilution and related-party governance concerns.
