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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News
- Nature's Miracle Holding Inc. Announces $2.0 Million Debt to Equity Conversion by Management and Related Debt HoldersPR Newswire
- D. Boral Capital acted as Sole Bookrunner for Nature's Miracle Holding Inc. (NASDAQ: NMHI) in Connection with its $3.0 Million Public Offering [Yahoo! Finance]Yahoo! Finance
- D. Boral Capital acted as Sole Bookrunner for Nature's Miracle Holding Inc. (NASDAQ: NMHI) in Connection with its $3.0 Million Public OfferingGlobeNewswire
- Nature's Miracle Holding Inc. Announces 1-for-30 Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
- Nature's Miracle Holding Inc. Announces 1-for-30 Reverse Stock SplitPR Newswire
NMHI
Sec Filings
- 11/21/24 - Form SC
- 11/21/24 - Form SC
- 11/21/24 - Form 4
- NMHI's page on the SEC website