Nature's Miracle Faces Delisting Concerns
Ticker: NMHIW · Form: 8-K · Filed: Oct 25, 2024 · CIK: 1947861
Sentiment: bearish
Topics: delisting, listing-rules, corporate-action
TL;DR
Nature's Miracle Holding Inc. is on the verge of being delisted, potentially impacting its stock.
AI Summary
Nature's Miracle Holding Inc. filed an 8-K on October 25, 2024, reporting a notice of delisting or failure to satisfy continued listing rules. The company, formerly LBBB Merger Corp., is based in Upland, CA, and operates in the farm machinery and equipment sector. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates potential issues with Nature's Miracle Holding Inc.'s continued listing on an exchange, which could significantly impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — The company has received a notice of delisting or failure to satisfy continued listing rules, indicating significant financial or operational distress.
Key Players & Entities
- Nature's Miracle Holding Inc. (company) — Registrant
- LBBB Merger Corp. (company) — Former company name
- October 24, 2024 (date) — Earliest event reported date
- October 25, 2024 (date) — Filing date
- 858 NORTH CENTRAL AVENUE (address) — Business and mailing address
- UPLAND, CA 91786 (address) — Business and mailing address
FAQ
What specific listing rule has Nature's Miracle Holding Inc. failed to satisfy?
The filing states a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule in the provided text.
When was Nature's Miracle Holding Inc. formerly known as?
The company was formerly known as LBBB Merger Corp., with a name change date of September 22, 2022.
What is the primary business of Nature's Miracle Holding Inc. according to its SIC code?
Nature's Miracle Holding Inc. is classified under SIC code 3523, which corresponds to Farm Machinery & Equipment.
What is the filing date of this 8-K report?
The 8-K report was filed on October 25, 2024.
Where is Nature's Miracle Holding Inc. incorporated?
The company is incorporated in Delaware.
Filing Stats: 854 words · 3 min read · ~3 pages · Grade level 12.7 · Accepted 2024-10-25 16:01:30
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
- $50,000,000 — value of listed securities to be above $50,000,000 for continued listing (the "MVLS Rule")
- $15,000,000 million — eld shares had fallen below the minimum $15,000,000 million requirement for continued listing under
Filing Documents
- ea0218646-8k_natures.htm (8-K) — 32KB
- 0001213900-24-090769.txt ( ) — 248KB
- nmhi-20241024.xsd (EX-101.SCH) — 4KB
- nmhi-20241024_def.xml (EX-101.DEF) — 26KB
- nmhi-20241024_lab.xml (EX-101.LAB) — 36KB
- nmhi-20241024_pre.xml (EX-101.PRE) — 25KB
- ea0218646-8k_natures_htm.xml (XML) — 6KB
01 Notice of Delisting or Failure to Satisfy a Continued
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. As previously disclosed in those Current Reports on Form 8-K filed with the Securities and Exchange Commission (the "Commission") on April 30, 2024, by Nature's Miracle Holding, Inc. (the "Company"), on April 26, 2024, the Company received two notification letters (the "Nasdaq Notices") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"). The first Nasdaq Notice advised the Company that it was not in compliance with Nasdaq's continued listing requirements under Nasdaq's Listing Rule 5450(b)(2)(A) requiring the market value of listed securities to be above $50,000,000 for continued listing (the "MVLS Rule"). The second Nasdaq Notice advised the Company that the market value of publicly held shares had fallen below the minimum $15,000,000 million requirement for continued listing under Listing Rule 5450(b)(1)(C) (the "MVPHS Rule" and together with the MVLS Rule are the "Rules"). Pursuant to the Nasdaq Notices, the Company was provided until October 23, 2024 (the "Compliance Deadline") to regain compliance with the MVLS Rule and MVPHS Rule. The Nasdaq Notices further provided that, in the event that the Company failed to regain compliance with the Rules by the Compliance Deadline, Nasdaq would provide a written notification to the Company that its securities will be delisted. The Company was unable to regain compliance with the Rules by the Compliance Deadline. On October 24, 2024, the Company received a new notification letter from Nasdaq (the "Delisting Notice") notifying the Company that, as a result of the Company's failure to regain compliance with the Rules by the Compliance Deadline, Nasdaq has determined to delist the Company's common stock from the Nasdaq Global Market. The Company intends to submit a hearing request to the Nasdaq Hearings Panel (the "Panel") to appeal the Staff's delisting determination. A hearin
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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: October 25, 2024 NATURE'S MIRACLE HOLDING INC. By: /s/ Tie (James) Li Name: Tie (James) Li Title: Chief Executive Officer 2