Nature's Miracle Faces Delisting Concerns
Ticker: NMHIW · Form: 8-K · Filed: May 24, 2024 · CIK: 1947861
| Field | Detail |
|---|---|
| Company | Nature'S Miracle Holding INC. (NMHIW) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $11.50, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-rule-violation, 8-k
TL;DR
NMHI is on the verge of being delisted, major red flag!
AI Summary
Nature's Miracle Holding Inc. filed an 8-K on May 24, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The company, formerly known as LBBB Merger Corp., is based in Upland, CA.
Why It Matters
This filing indicates potential issues with the company's ability to remain listed on an exchange, which could significantly impact its stock value and liquidity.
Risk Assessment
Risk Level: high — A notice of delisting directly threatens the company's continued trading on an exchange, posing a significant risk to investors.
Key Numbers
- 001-41977 — SEC File Number (Identifies the company's filing history with the SEC.)
Key Players & Entities
- Nature's Miracle Holding Inc. (company) — Registrant
- LBBB Merger Corp. (company) — Former company name
- May 23, 2024 (date) — Earliest event reported
- May 24, 2024 (date) — Filing date
- 858 N Central Ave Upland, CA 91786 (address) — Registrant's principal executive address
FAQ
What specific listing rule or standard has Nature's Miracle Holding Inc. failed to satisfy?
The filing does not specify the exact rule or standard that has not been met, only that a notice of delisting or failure to satisfy a continued listing rule is being reported.
What is the expected timeline for the delisting process, if it proceeds?
The filing does not provide a specific timeline for the delisting process.
Has the company taken any steps to address the listing deficiency?
The filing does not detail any specific actions taken by the company to address the listing deficiency.
What is the significance of the company's former name, LBBB Merger Corp.?
The company was formerly known as LBBB Merger Corp. and changed its name on September 22, 2022, indicating a potential merger or acquisition event prior to the name change.
Where is Nature's Miracle Holding Inc. incorporated?
Nature's Miracle Holding Inc. is incorporated in Delaware.
Filing Stats: 883 words · 4 min read · ~3 pages · Grade level 13.5 · Accepted 2024-05-24 16:20:13
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share NMHI The Nasdaq Stock Mar
- $11.50 — e Common Stock, at an exercise price of $11.50 per share NMHIW The Nasdaq Stock Ma
- $1.00 — ment to maintain a minimum bid price of $1.00 per share of its Common Stock for conti
Filing Documents
- ea0206839-8k_natures.htm (8-K) — 31KB
- 0001213900-24-046657.txt ( ) — 245KB
- nmhi-20240523.xsd (EX-101.SCH) — 4KB
- nmhi-20240523_def.xml (EX-101.DEF) — 26KB
- nmhi-20240523_lab.xml (EX-101.LAB) — 36KB
- nmhi-20240523_pre.xml (EX-101.PRE) — 25KB
- ea0206839-8k_natures_htm.xml (XML) — 6KB
01. Notice
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing . On May 23, 2024, Nature's Miracle Holding Inc. (the "Company") received a deficiency letter (the "Notice") from the Nasdaq Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq"). The Notice informed the Company that, based upon the closing bid price of the Company's common stock ("Common Stock") over the 30 consecutive business day period between April 11, 2024 and May 22, 2024, the Company is not in compliance with the requirement to maintain a minimum bid price of $1.00 per share of its Common Stock for continued listing on The Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5450(a)(1) (the "Minimum Bid Price Requirement"). The Notice has no immediate effect on the continued listing status of the Common Stock on The Nasdaq Global Market. The Company has been provided a compliance period of 180 calendar days from the date of the Notice, or until November 20, 2024, to regain compliance with Nasdaq Listing Rule 5810(c)(3)(A). If at any time before November 20, 2024, the closing bid price of the Common Stock reaches or exceeds $1.00 per share for a minimum of 10 consecutive business days, the Staff will provide written notification that the Company has achieved compliance with the Minimum Bid Price Requirement, and the matter would be resolved. If the Company does not regain compliance with the Minimum Bid Price Requirement during the initial 180 calendar day period, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company would be required to transfer the listing of its securities from The Nasdaq Global Market to The Nasdaq Capital Market and meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the Minimum Bid Price Requirement. Additionally, the Company
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 24, 2024 NATURE'S MIRACLE HOLDING INC. By: /s/ Tie (James) Li Name: Tie (James) Li Title: Chief Executive Officer 2