secwatch.observer — SEC 8-K summary
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Issuer:     Nature's Miracle Holding Inc. (NMHI)
CIK:        0001947861
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001213900-24-088950
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nature's Miracle issues $101K convertible note at 14%; faces Nasdaq delisting deadlines
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- Issued $101,200 convertible promissory note with $13,200 OID to an accredited investor, closing Oct 14, 2024.
- Note bears 14% one-time interest; 10 monthly payments of $11,536.80 starting Nov 15, 2024.
- Conversion only upon default at 25% discount to market price, with a 4.99% beneficial ownership cap.
- Proceeds for general working capital; company also disclosed ongoing Nasdaq non-compliance (MVPHS, MVLS, bid price) with deadlines through Nov 20, 2024.
- Company must reserve shares equal to 8x conversion; default triggers 150% penalty plus 22% default interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1947861/000121390024088950/0001213900-24-088950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1947861/000121390024088950/ea0217958-8k_natures.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-088950

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