other material
confidence high
sentiment neutral
materiality 0.70
Nature's Miracle raises $3M via Series A Preferred and warrants private placement
Nature's Miracle Holding Inc.
- Sold 3,000 Series A Preferred shares with $3,000,000 stated value at a 10% discount ($2,700,000 purchase price).
- Investor pays $1,800,000 at closing; remaining $900,000 due upon SEC registration effectiveness.
- Warrants to purchase common shares at 110% of prior-day closing price, ten-year term, with anti-dilution adjustments.
- Preferred shares convertible into common at initial conversion price = last closing price; include a 25% bonus amount on conversion.
- D. Boral Capital serves as placement agent with a 5% gross proceeds fee; closing subject to Nasdaq extension until March 31, 2025.