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Stock impact report

Nature's Miracle Holding Inc. Announces 1-for-30 Reverse Stock Split

Nature's Miracle Holding Inc. (NMHI) 
Company Research Source: PR Newswire
ONTARIO, Calif., Nov. 19, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, today announced that on November 21, 2024, effective at 12:01 a.m. Eastern Time, it will effectuate a 1-for-30 reverse split of its common stock. The Company's common stock will begin trading on a split-adjusted basis when the market opens on November 21, 2024, under its current trading symbol "NMHI". The new CUSIP number of the Company's common stock following the reverse stock split will be 63903P 209.The reverse stock split is intended, among other things, primarily to increase the bid price of the Company's common stock to enable the Company to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Global Market.When the reverse stock split becomes effective, every 30 shares of the Company's common stock issued and outstanding will be co Show less Read more
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