Nature's Miracle Enters Material Definitive Agreement
Ticker: NMHIW · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1947861
Sentiment: neutral
Topics: material-agreement, corporate-action
Related Tickers: NMHIW
TL;DR
NMHIW signed a big deal on Nov 22. Details in the filing.
AI Summary
Nature's Miracle Holding Inc. (NMHIW) entered into a material definitive agreement on November 22, 2024. The company, formerly known as LBBB Merger Corp., is involved in the farm machinery and equipment sector. The filing also lists exhibits related to the agreement.
Why It Matters
This filing indicates a significant new contract or partnership for Nature's Miracle Holding Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The filing reports a material definitive agreement, which suggests a significant business event, but the specific terms and implications are not yet detailed, requiring further investigation.
Key Players & Entities
- Nature's Miracle Holding Inc. (company) — Registrant
- LBBB Merger Corp. (company) — Former Company Name
- November 22, 2024 (date) — Date of earliest event reported
- 001-41977 (other) — Commission File Number
- 88-3986430 (other) — IRS Employer Identification Number
FAQ
What is the nature of the material definitive agreement entered into by Nature's Miracle Holding Inc.?
The filing states that Nature's Miracle Holding Inc. entered into a material definitive agreement on November 22, 2024, but the specific details of this agreement are not provided in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on November 22, 2024.
What was Nature's Miracle Holding Inc. formerly known as?
Nature's Miracle Holding Inc. was formerly known as LBBB Merger Corp.
What is the Commission File Number for Nature's Miracle Holding Inc.?
The Commission File Number for Nature's Miracle Holding Inc. is 001-41977.
What is the IRS Employer Identification Number for Nature's Miracle Holding Inc.?
The IRS Employer Identification Number for Nature's Miracle Holding Inc. is 88-3986430.
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-11-27 16:01:28
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
- $200,000 — Data will make an initial investment of $200,000 into Future Tech, with an additional $2
- $2.8 million — 00 into Future Tech, with an additional $2.8 million to be invested within 12 months after t
Filing Documents
- ea0222814-8k_natures.htm (8-K) — 33KB
- ea022281401ex10-1_natures.htm (EX-10.1) — 41KB
- 0001213900-24-103439.txt ( ) — 301KB
- nmhiw-20241122.xsd (EX-101.SCH) — 4KB
- nmhiw-20241122_def.xml (EX-101.DEF) — 26KB
- nmhiw-20241122_lab.xml (EX-101.LAB) — 36KB
- nmhiw-20241122_pre.xml (EX-101.PRE) — 25KB
- ea0222814-8k_natures_htm.xml (XML) — 6KB
01. Entry into a Material Definitive
Item 1.01. Entry into a Material Definitive Agreement. On November 22, 2024, NM Data Inc. ("NM Data"), a wholly owned subsidiary of Nature's Miracle Holding Inc. (the "Company"), entered into an investment agreement (the "Agreement") with Future Tech Incorporated ("Future Tech"), an Ohio-based company, for the development and construction of a 50MW high density data center and a vertical farming facility in Stryker, Ohio. Pursuant to the Agreement, at the closing, (i) Future Tech will issue shares representing 51% of its outstanding shares to NM Data; (ii) NM Data will make an initial investment of $200,000 into Future Tech, with an additional $2.8 million to be invested within 12 months after the initial closing; (iii) Future Tech will establish a board of directors (the "Board"), with NM Data retaining the right to appoint a majority of the directors; and (iv) NM Data, through the Board, will have the authority to designate the Chief Executive Officer and the Chief Financial Officer of Future Tech. The closing is subject to certain conditions, including Future Tech executing an electricity sales and purchase agreement with a certain supplier and Future Tech entering into a ten-year lease with the option to purchase a certain site as set forth in the Agreement. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Investment Agreement dated November 22 by and between NM Data Inc. and Future Tech Incorporated. 104 Cover Page Interactive Data File (formatted in Inline XBRL). 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: November 27, 2024 NATURE'S MIRACLE HOLDING INC. By: /s/ Tie (James) Li Name: Tie (James) Li Title: Chief Executive Officer 2