debt
confidence high
sentiment neutral
materiality 0.65
Nature's Miracle enters $20M equity line with GHS Investments; issues preferred shares
Nature's Miracle Holding Inc.
- ELOC up to $20M over 24 months; purchase price at 80% of lowest trade in 10-day pricing period.
- Issued 1,503,759 commitment shares to GHS as upfront consideration.
- Sold 250 Series A preferred shares at $1,000 each; convertible at $0.112 per common share.
- Preferred shares carry 12% annual cumulative dividend and mandatory redemption at 120 days or exchange listing.
- Registration statement to be filed covering all shares; 4.99% beneficial ownership cap applies.