Nature's Miracle Holding announced on April 11, 2025, that it has successfully arranged financing with Big Lake Capital, LLC in the amount of up to $2,000,000 with initial funding of $600,000. Big Lake Capital, LLC is controlled by Tie "James" Li who is the Chairman and CEO of Nature's Miracle.
Under the Convertible Promissory Note signed on April 11, 2025, between the Company and Investor, the Investor shall lend to the Company for up to $2,000,000 with the initial tranche of $600,000 which was funded on April 11, 2025. Terms include an interest rate of 10% payable monthly and a term of one year.
The investor can choose to convert any amount funded plus accrued interest is convertible into shares of common stock, par value $0.0001 per share, of the Company at a conversion price equal to $0.198 or 110% of the closing price of the Common Stock on April 11, 2025, the date of initial funding. As additional consideration, the Investor shall also receive warrants to purchase up to 10,010,101 shares of Common Stock, with an exercise price of $0.198.
For more information:
Nature's Miracle
[email protected]
www.nature-miracle.com