other material
confidence high
sentiment neutral
materiality 0.70
Nature's Miracle settles Megaphoton lawsuit; issues 15M shares, appoints Du as President and director
Nature's Miracle Holding Inc.
- Issued 15,000,000 unregistered shares to Megaphoton CEO Jinlong Du; company to register shares by July 31, 2026.
- Appointed Du as President of the company and to the board of directors within 30 days.
- Company will pay $300,000 to Megaphoton by June 30, 2026.
- Company commits to uplist common stock to NYSE or Nasdaq within 180 days; if not, Du gets additional 15M shares.
- Employment agreement for Du: base salary not less than $300,000/year, term through Jan 31, 2029.