Nature's Miracle Holding Inc. has entered into a securities purchase agreement with Firstfire Global Opportunities Fund, LLC, a Delaware-based firm. Announced on August 5, 2025, the agreement involves the sale of a convertible promissory note valued at $172,500 and 200,000 shares of Class A common stock to FirstFire for a total purchase price of $150,000. The transaction, which closed on August 7, 2025, provided Nature's Miracle with net funding of $144,000 after deducting legal expenses. The company has committed to using the proceeds for business development and general working capital, with restrictions against using the funds to repay certain debts or make loans to company affiliates. Additionally, the agreement includes a restriction on issuing new shares or debt until 18 months post-agreement or until the note is fully extinguished. FirstFire has also secured rights to participate in future offerings of securities by the company. A concurrent Registration Rights Agreement requires the filing of a Resale Registration Statement for the new shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nature's Miracle Holding Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-073706), on August 08, 2025, and is solely responsible for the information contained therein.
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