debt
confidence high
sentiment neutral
materiality 0.40
Nature's Miracle enters $410K convertible note private placement at $0.442/share
Nature's Miracle Holding Inc.
- Gross proceeds of $410,000 from four unsecured convertible notes with 12% annual interest and six-month maturity.
- Conversion price set at $0.442 per share, equal to 85% of $0.52 closing price on July 1, 2024.
- Company must file S-1 registration for resale within 3 business days of conversion; failure constitutes default.
- CEO Tie James Li and Zhiyi Jonathan Zhang provide unlimited joint and several personal guarantees for principal and interest if notes not converted.