Doudakian Reports Stake in Nature's Miracle Holding Inc.
Ticker: NMHIW · Form: SC 13D · Filed: Jul 16, 2024 · CIK: 1947861
Sentiment: neutral
Topics: ownership-change, schedule-13d, activist-potential
TL;DR
**Doudakian now has a big stake in Nature's Miracle Holding Inc. (NMHI)!**
AI Summary
Varto Levon Doudakian, through a filing on July 16, 2024, has reported a change in beneficial ownership of Nature's Miracle Holding Inc. The filing indicates a significant stake, with the exact percentage and number of shares to be detailed within the full document. This event requires the filing of a Schedule 13D, suggesting a potentially active role or influence by Doudakian in the company.
Why It Matters
This filing signals a substantial ownership position by Varto Levon Doudakian in Nature's Miracle Holding Inc., which could lead to changes in company strategy or governance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant ownership changes that can precede activist investor actions or strategic shifts, introducing potential volatility.
Key Players & Entities
- Varto Levon Doudakian (person) — Reporting person and beneficial owner
- Nature's Miracle Holding Inc. (company) — Subject company
- LBBB Merger Corp. (company) — Former company name
FAQ
What is the exact number of shares and percentage of ownership Varto Levon Doudakian holds in Nature's Miracle Holding Inc. as of July 16, 2024?
The provided text does not specify the exact number of shares or the percentage of ownership, but it confirms a Schedule 13D filing on July 16, 2024, indicating a reportable change in beneficial ownership.
What was the date of the name change from LBBB Merger Corp. to Nature's Miracle Holding Inc.?
The date of the name change was September 22, 2022.
What is the business address and phone number listed for Nature's Miracle Holding Inc.?
The business address is 858 North Central Avenue, Upland, CA 91786, and the business phone number is 888-420-3694.
Who is authorized to receive notices and communications for this filing?
Varto Levon Doudakian, located at 858 N Central Ave, Upland, CA 91786, with a telephone number of (949) 798-6260, is authorized to receive notices and communications.
Is this filing an amendment to a previously filed Schedule 13G?
The filing explicitly states 'Amendment No. N/A' and does not indicate it is a conversion from a 13G filing.
Filing Stats: 3,789 words · 15 min read · ~13 pages · Grade level 14.4 · Accepted 2024-07-16 16:05:12
Key Financial Figures
- $0.0001 — relates to the common stock, par value $0.0001 per share (the “Common Stock&rdqu
- $230,000,000 m — regate value of which was equal to: (a) $230,000,000 minus (b) the estimated Closing Net Indeb
- $12.50 — akeshore common stock equals or exceeds $12.50 per share for any 20 trading days withi
- $60,000,000 — obligation, to sell to Yorkville up to $60,000,000 of shares of common stock of the Compan
- $5,000,000 — ly preceding an Advance notice, or (ii) $5,000,000, which amount may be increased upon mut
- $25,000 — lle, a structuring fee in the amount of $25,000. In addition, no later than ten trading
- $300,000 — a commitment fee in an amount equal to $300,000 (the “Commitment Fee”) by t
- $10.00 — ose of the Business Combination or (ii) $10.00 per share. Non-Competition and Non-Sol
Filing Documents
- ea0209453-13ddoudakian_natur.htm (SC 13D) — 63KB
- 0001213900-24-061776.txt ( ) — 64KB
Contracts, Arrangements, Understandings or Relationships
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Purchaser Support Agreement In connection with their entry into the Merger Agreement, Lakeshore and Nature’s Miracle entered into the Purchaser Support Agreement, dated as of September 9, 2022 (the “Purchaser Support Agreement”), with the initial shareholders of Lakeshore (the “Supporters”), pursuant to which the Supporters agreed (i) to vote LBBB Ordinary Shares held by them in favor of the approval and adoption of the Merger Agreement and the transactions contemplated thereunder, (ii) to not transfer, during the term of the Purchaser Support Agreement, any Lakeshore Common Stock owned by them, and (iii) to not transfer any Lakeshore Common Stock held by them in accordance with the lock-up provisions set forth in Lakeshore’s final prospectus filed with the U.S. Securities and Exchange Commission on March 8, 2022. 4 Voting and Support Agreement In connection with their entry into the Merger Agreement, Lakeshore and Nature’s Miracle entered into a Voting and Support Agreement, dated as of September 9, 2022 (the “Voting and Support Agreement”), with certain Company stockholders, pursuant to which such Company stockholders agreed, among other things, (i) to vote the Company Stock (as defined in the Merger Agreement) held by them in favor of the approval and adoption of the Merger Agreement and the transactions contemplated thereunder, (ii) authorize and approve any amendment to the Company’s Organizational Documents (as defined in the Merger Agreement) that is deemed necessary or advisable by Nature’s Miracle for purposes of effecting the transactions contemplated under the Merger Agreement and (iii) to not transfer, during the term of the Voting and Support Agreement, any Company Stock owned by them, except as permitted under the terms of the Voting and Support Agreement. Lock-up Agreement