#USA #NASDAQ #Nature's Miracle #Ontario, California #vertical farming

Nature's Miracle Holding Inc. Responds to Nasdaq Delisting Notice

On January 17, 2025, Nature's Miracle Holding Inc. (NASDAQ: NMHI) issued a statement addressing a recent delisting notice from The Nasdaq Stock Market. The company, recognized as a leader in vertical farming technology, has been suspended from trading its common stock and warrants since January 15, 2025, following the Nasdaq Hearings Panel's decision related to its failure to meet the minimum shareholder equity requirement set forth in Nasdaq Listing Rule 5550(b)(1).

In reaction to this daunting challenge, Nature's Miracle believes it has demonstrated a solid plan during its hearing with Nasdaq. The highlight of its approach included a significant Securities Purchase Agreement (SPA) made with an institutional investor on January 10, 2025. This agreement was subsequently publicized on January 13, detailing the necessary closing conditions. However, this disclosure unexpectedly triggered a sharp 40% drop in the company's stock price, raising concerns about market perceptions and stability.

Despite the adverse market reaction, Nature's Miracle is actively collaborating with legal advisors to ensure all regulatory compliance measures are observed. The management is unaware of substantial activity that could have directly impacted the company's stock volatility experienced on January 15. In particular, the company has stated that it did not partake in a press release issued by its placement agent on January 14, further distancing itself from any misinformation that may have contributed to market fluctuations.

With a view toward relisting on Nasdaq, Nature's Miracle is thoroughly assessing its options for addressing the deficiencies that led to the current situation. The company's commitment to restoring its Nasdaq listing remains resolute, with ongoing evaluations of strategic options including potential mergers, acquisitions, and partnerships. Such initiatives are aimed at bolstering its financial health and operational capacity to ensure a stronger position in the market.

Furthermore, Nature's Miracle places great importance on maintaining transparent communication with its shareholders and other stakeholders. The management team is diligently working with its investor relations efforts to provide timely updates, clearly acknowledging the trust and support from its investors during these turbulent times.

About Nature's Miracle Holding Inc.

Nature's Miracle is focused on providing innovative agriculture technology solutions, catering to the Controlled Environment Agriculture (CEA) sector worldwide. Recently, the company launched initiatives in electric vehicles and Bitcoin, signaling a notable shift into energy-dependent technologies within the agricultural space.

The company has acknowledged that while forward-looking statements are integral to its communication strategy, they carry inherent risks and uncertainties. Nature's Miracle aims to emphasize that while intentions for growth and innovation are clear, various external factors—ranging from competitive pressures to compliance challenges—could influence their outcome.

As Nature's Miracle forges ahead, its commitment to expanding its capabilities and reinforcing investor confidence remains at the forefront. Future updates on the company's strategies, particularly surrounding the relisting efforts, will be pivotal as it navigates this complex landscape.

In conclusion, while the current situation presents challenges for Nature's Miracle, the strategic response outlined reveals a commitment to recovery, innovation, and sustained growth. With a clear roadmap and open lines of communication with investors, Nature's Miracle aims not only to overcome these hurdles but to emerge as a more robust player in the agricultural technology arena.