Nature's Miracle Holding Inc. Enters Material Agreement

TL;DR

Nature's Miracle Holding Inc. just signed a big deal, creating a new financial obligation.

AI Summary

Nature's Miracle Holding Inc. entered into a material definitive agreement on December 30, 2024. This agreement also created a direct financial obligation for the registrant. The filing includes financial statements and exhibits related to this event.

Why It Matters

This filing indicates a significant new financial commitment or partnership for Nature's Miracle Holding Inc., which could impact its future operations and financial standing.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet them.

Key Players & Entities

• Nature's Miracle Holding Inc. (company) — Registrant
• December 30, 2024 (date) — Date of earliest event reported
• LBBB Merger Corp. (company) — Former company name

FAQ

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
• $311,000 — Under the Agreement, the Lender loaned $311,000 (the "Loan") to the Borrowers, which in
• $11,000 — n") to the Borrowers, which includes an $11,000 origination fee deducted at the time of
• $15,430 — pay the Loan in 26 biweekly payments of $15,430.38, with a total repayment amount of $4
• $401,190 — 30.38, with a total repayment amount of $401,190 over a 12-month term. The Loan is secur
• $349,875 — tal repayment amount will be reduced to $349,875 (the "Reduced Repayment Amount") if the

Filing Documents

• ea0226815-8k_natures.htm (8-K) — 35KB
• ea022681501ex10-1_natures.htm (EX-10.1) — 245KB
• ea022681501ex10-2_natures.htm (EX-10.2) — 13KB
• ea022681501ex10-3_natures.htm (EX-10.3) — 10KB
• ea022681501ex10-4_natures.htm (EX-10.4) — 10KB
• ex10-1_001.jpg (GRAPHIC) — 7KB
• ex10-4_001.jpg (GRAPHIC) — 5KB
• 0001213900-25-001167.txt ( ) — 610KB
• nmhi-20241230.xsd (EX-101.SCH) — 4KB
• nmhi-20241230_def.xml (EX-101.DEF) — 26KB
• nmhi-20241230_lab.xml (EX-101.LAB) — 36KB
• nmhi-20241230_pre.xml (EX-101.PRE) — 25KB
• ea0226815-8k_natures_htm.xml (XML) — 6KB

01. Entry into a Material Definitive

Item 1.01. Entry into a Material Definitive Agreement. On December 30, 2024, Nature's Miracle Holding Inc. (the "Company") and certain of its subsidiaries (collectively, the "Borrowers"), and the Company as guarantor (the "Guarantor"), entered into a Business Loan and Security Agreement (the "Agreement") with Maximcash Solutions LLC (the "Lender"). Under the Agreement, the Lender loaned $311,000 (the "Loan") to the Borrowers, which includes an $11,000 origination fee deducted at the time of funding. The Loan carries an interest rate of 51.64% and an annual percentage rate of 59.40%. The Loan matures on January 14, 2026. The Borrowers will repay the Loan in 26 biweekly payments of $15,430.38, with a total repayment amount of $401,190 over a 12-month term. The Loan is secured by all present and after-acquired property of the Borrowers. Under the Agreement and its early discount addendum, a prepayment interest reduction percentage of 5% with respect to the unpaid interest remaining on the Loan will be applied to the extent that the Borrowers prepay the Loan in whole in accordance with, and subject to, Section 9 of the Agreement. The 95% of the remaining unpaid interest will still be due upon any prepayment in whole. Partial prepayments will not reduce the total interest expense. Notwithstanding the prepayment terms set forth in Section 9 of the Agreement, the total repayment amount will be reduced to $349,875 (the "Reduced Repayment Amount") if the Borrowers deliver the total repayment amount within 90 days of the disbursement amount being paid by the Lender. If an Event of Default (as defined in the Agreement) occurs, the Reduced Repayment Amount is not applicable. Under the stacking prohibited addendum to the Agreement, the Borrowers are prohibited from entering into any cash advance that relates to or involves its future receipts, or any loan agreement with any party other than the Lender where the interest rate on such loan is greater than 10% for the duration

03. Creation of a Direct Financial Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Business Loan and Security Agreement dated as of December 30, 2024. 10.2 Early Discount Addendum to Business Loan and Security Agreement 10.3 Stacking Prohibited Addendum to Business Loan and Security Agreement 10.4 Seller Definition Addendum to Business Loan and Security Agreement 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: January 6, 2025 NATURE'S MIRACLE HOLDING INC. By: /s/ Tie (James) Li Name: Tie (James) Li Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR