debt
confidence high
sentiment negative
materiality 0.65
Nature's Miracle enters $2M convertible note with CEO-controlled Big Lake Capital
Nature's Miracle Holding Inc.
- Up to $2M convertible note; initial $600K funded April 11, 2025, from Big Lake Capital (CEO James Li controls holder).
- Interest 10% per annum, payable monthly first 6 months then accrues; maturity April 10, 2026.
- Holder may convert any funded amount at $0.198 per share (110% of April 11 closing price).
- Warrants to purchase up to 10,101,010 shares at $0.198 exercisable if full $2M drawn.
- Note and warrants unregistered, relying on Section 4(a)(2)/Regulation D exemption.