Nature's Miracle Holding Inc. Confirms $2.1 Million Debt Reduction Agreement with Uninet Global
Nature's Miracle Holding Inc. (NMHI)
Company Research
Source: PR Newswire
ONTARIO, Calif., Sept. 26, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the "Company"), a leader in vertical farming technology and infrastructure, has signed a debt forgiveness agreement with Uninet Global Inc. ("Uninet"), a related party, to reduce the majority of its outstanding trade payable debt. Under this agreement, Uninet Global, a supplier to Visiontech Group, Inc., a wholly owned subsidiary of Nature's Miracle, agreed to forgive $2.1 million of the outstanding payables owed by Visiontech. With this agreement, $577,500 remains outstanding. James Li, Chairman and CEO of Nature's Miracle, commented, "This debt reduction agreement is in line with our strategy to optimize our capital structure. The effect is a reduction of liabilities of $2.1 million on the financial statements which will also increase stockholder's equity by $2.1 million. The agreement with Uninet is ultimately a vote of confidence in Nature's Miracle and our long-ter
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NMHI
News
- Nature's Miracle Holding Inc. Confirms $2.1 Million Debt Reduction Agreement with Uninet Global [Yahoo! Finance]Yahoo! Finance
- Nature's Miracle Announces Participation in the H.C. Wainwright Annual Global Investment ConferencePR Newswire
- Nature's Miracle Holding Second Quarter 2024 Earnings: US$0.067 loss per share (vs US$0.018 loss in 2Q 2023) [Yahoo! Finance]Yahoo! Finance
- Nature's Miracle Announces Participation in the Emerging Growth Virtual ConferencePR Newswire
- Nature's Miracle Reports Second Quarter 2024 Financial UpdatePR Newswire
NMHI
Sec Filings
- 9/24/24 - Form 8-K
- 9/9/24 - Form DEF
- 8/30/24 - Form PRE
- NMHI's page on the SEC website