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Nature’s Miracle Holding Inc. (NASDAQ:NMHI) disclosed Monday that it entered into debt-to-equity conversion agreements on Thursday with several executives and a noteholder, converting unpaid wages and debt into shares of common stock. The information is based on a press release statement filed with the Securities and Exchange Commission.
According to the filing, chief executive officer Tie (James) Li, president Zhiyi Zhang, and chief financial officer George Yutuc agreed to convert unpaid wages and salaries into common shares of the company. Mr. Li converted $673,476 in unpaid compensation into 5,160,739 shares. Mr. Zhang converted $406,691 into 3,111,408 shares. Mr. Yutuc converted $52,083, representing 50% of his wages from February to June 30, 2025, into 399,106 shares. The conversion was based on a trading price of $0.1305 per share at the end of the signing date.
Additionally, the company converted a $560,000 note owed to Peng Zhang into 4,291,188 shares of common stock at the same price per share.
Following these transactions, Nature’s Miracle Holding reported a total of 23,520,742 shares outstanding as of Friday.
The company stated that it agreed to file a registration statement with the SEC to register the resale of the shares issued in these conversions. The shares were issued in reliance on the exemption from registration requirements provided by Section 4(a)(2) of the Securities Act for transactions not involving a public offering.
Nature’s Miracle Holding is listed on NASDAQ under the ticker NMHI. The company’s warrants to purchase common stock at an exercise price of $11.50 per share trade under the symbol NMHIW.
All information is sourced from a press release statement and the company’s SEC filing.
In other recent news, Nature’s Miracle Holding Inc. announced plans to establish a Corporate XRP Treasury program worth up to $20 million. The funding for this initiative will come from equity financing through GHS Investments, which has been approved by the SEC. Additionally, Big Lake Capital, LLC, an investment company led by Nature’s Miracle CEO Tie "James" Li, converted a $678,290 note into 3,425,706 shares of Nature’s Miracle at a price of $0.1980 per share. These developments highlight the company’s strategic financial maneuvers to bolster its investment capabilities.
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