Nature’s Miracle announces $2M debt to equity conversion

Nature’s Miracle (NMHI) Holding announced that the company’s management team and other debt holders have signed agreements to convert $2M of debt to equity at a price of 8.8c per share, the closing price at the end of November 19. To demonstrate alignment with shareholders, James Li, Chairman and CEO, is converting $577,000 of his personal loans into equity. Additionally, Jonathan Zhang, President, is converting the remaining outstanding trade payables due to Uninet Inc., a supplier to the company, into equity.