M&A
confidence high
sentiment neutral
materiality 0.60
Nature's Miracle subsidiary to acquire 51% stake in Future Tech for $3M for data center and vertical farm
Nature's Miracle Holding Inc.
- NM Data invests up to $3M ($200K initial + $2.8M in 12 months) for 51% of Future Tech.
- Funds to build a 50MW high density data center and vertical farming facility in Stryker, Ohio.
- NM Data gets majority of board seats and right to designate Future Tech's CEO and CFO.
- Closing requires Future Tech to sign a 50MW electricity purchase agreement at ≤$0.06/kWh and a 10-year lease with purchase option.
- NM Data has option to buy remaining 49% at 10x earnings once the data center and vertical farm are operational.