Stock market today: S&P 500 rides Apple-led tech rally to close higher
ONTARIO, Calif. - Nature’s Miracle Holding Inc. (OTCQB:NMHI), a micro-cap company with a market value of $7.09 million, announced Monday that Big Lake Capital, LLC has converted $678,290 into 3,425,706 NMHI shares at a conversion price of $0.1980 per share. The stock has shown remarkable volatility, surging over 400% in the past week according to InvestingPro data.
Big Lake Capital, an investment company led and controlled by Nature’s Miracle CEO Tie "James" Li, made the conversion pursuant to a Convertible Promissory Note agreement signed on April 11, 2025.
According to the company’s press release, the original note allows Big Lake Capital to lend up to $2 million to Nature’s Miracle, with an initial tranche of $600,000 funded on April 11. The note carries a 10% interest rate payable monthly with a one-year term.
Following this conversion, no amounts remain outstanding under the current funding. Nature’s Miracle stated it may borrow up to an additional $1,342,428 under the same note agreement.
The conversion price of $0.1980 represents 110% of the closing price of Nature’s Miracle’s common stock on April 11, 2025, the date of the initial funding.
Nature’s Miracle describes itself as an agriculture technology company providing products and services to growers in the Controlled Environment Agriculture industry in the United States. While the company currently shows weak financial health metrics, analysts forecast 138% revenue growth for fiscal year 2025. Get deeper insights and 16 additional key investment tips for NMHI with InvestingPro.
In other recent news, Nature’s Miracle Holding Inc. has announced plans to establish a Corporate XRP Treasury program, with a funding capacity of up to $20 million. The company intends to finance the purchase of XRP tokens using proceeds from equity financing. This financing comes through GHS Investments, and the associated Registration Statement on Form S-1 has been declared effective by the SEC. These developments are part of Nature’s Miracle’s strategic financial maneuvers. The move reflects an increasing interest in cryptocurrency as part of corporate treasury strategies. This initiative marks a significant step for Nature’s Miracle in integrating digital assets into its financial operations. The announcement follows the company’s ongoing efforts to leverage innovative financial solutions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.