Lucosky Brookman Represents D. Boral Capital in $3 Million Public Offering
Congratulations to Nature's Miracle Holding Inc. (NASDAQ: NMHI), a pioneering force in the Controlled Environment Agriculture (CEA) sector, in successfully closing a $3 million firm commitment registered underwritten public offering. The company continues to advance its position in the agricultural technology market through this strategic financing round.
The offering, which attracted market interest, consisted of 25,133,631 units at $0.1118 per unit, with each unit comprising one share of common stock, one Series A Warrant, and one Series B Warrant. Additionally, 1,700,000 pre-funded units were offered at $0.1117 per unit, each including a pre-funded warrant and both series of warrants.
D. Boral Capital LLC served as the sole book-running manager for the offering, with legal counsel provided by Sichenzia Ross Ference Carmel LLP to Nature's Miracle and Lucosky Brookman LLP to D. Boral Capital.
The net proceeds will support Nature's Miracle's strategic initiatives, including:
- Expansion of manufacturing footprint in North America
- Enhancement of grow light assembly operations in Manitoba, Canada
- Development of commercial-scale greenhouse projects in the U.S. and Canada
- Advancement of hydroponic product offerings
- Strengthening of distribution networks across North America
This successful financing underscores Nature's Miracle's position as a growing force in the agricultural technology sector. The company's comprehensive approach spans multiple strategic business lines through its wholly-owned subsidiaries, Visiontech Group, Inc. and Hydroman, Inc., offering grow lights and other hydroponic products to hundreds of indoor growers in North America.
Lucosky Brookman LLP served as counsel to D. Boral Capital, who acted as the sole book-running representative for the offering. Sichenzia Ross Ference Carmel LLP acted as counsel to Nature's Miracle.
This latest achievement reinforces Nature's Miracle's commitment to advancing indoor growing solutions and positions the company for continued growth in the evolving CEA landscape. With this strategic capital injection, Nature's Miracle is well-equipped to pursue its mission of developing innovative agricultural technology solutions for the future.