NM Holding, Nature’s Miracle and Lakeshore Acquisition II Corp. Announce Closing of Business Combination
12 3월 2024 - 5:10AM
Nature’s Miracle Holding Inc. (“the Company”), Nature’s Miracle,
Inc. (“Nature’s Miracle”), a growing Controlled Environment
Agriculture (CEA) technology company, and Lakeshore Acquisition II
Corp., a special purpose acquisition company (Nasdaq: LBBB)
(“Lakeshore”), announced today the closing of their previously
announced business combination (the “Transaction”). The securities
of the Company are expected to begin trading under the new ticker
symbol “NMHI” on the Nasdaq Global Market, and the warrants are
expected to begin trading under the new ticker symbol “NMHIW” on
the Nasdaq Capital Market, on March 12, 2024.
Management
The Company will be led by Tie (James) Li, the
Chairman of the Board and Chief Executive Officer, along with
George Yutuc as the Chief Financial Officer. The Board of the
combined company will consist of Tie (James) Li, Zhiyi (Jonathan)
Zhang, Charles Jourdan Hausman, H. David Sherman, and Jon M.
Montgomery.
Advisors
Maxim Group LLC acted as the exclusive financial
advisor to Lakeshore in connection with the Transaction. Loeb &
Loeb LLP acted as legal counsel to Lakeshore. Sichenzia Ross
Ference Carmel LLP acted as legal counsel to Nature’s Miracle.
About Nature’s Miracle
Nature's Miracle (www.nature-miracle.com) is a
growing agriculture technology company providing technology,
products and services to growers in the Controlled Environment
Agriculture ("CEA") industry in North America. Nature's Miracle
offers hardware to design, build and operate various indoor growing
settings including greenhouse and indoor-growing spaces. Nature's
Miracle provides grow lights as well as other hydroponic products
to hundreds of indoor growers in North America. Nature's Miracle
also provides vertical farming solutions including containerized
vertical farm as well as other forms of indoor growing solutions.
About Lakeshore
Prior to the business combination, Lakeshore was
a blank check company formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses.
Management was led by Bill Chen, the Chairman of the Board and
Chief Executive Officer,.
Forward-Looking Statements
This press release contains certain
forward-looking statements within the meaning of the federal
securities laws. All statements other than statements of historical
facts contained in this press release, including statements
regarding the Company's future results of operations and financial
position, the Company's business strategy, prospective product
candidates, product approvals, research and development costs,
timing and likelihood of success, plans and objectives of
management for future operations, future results of current and
anticipated product candidates, and expected use of proceeds, are
forward-looking statements. These forward-looking statements
generally are identified by the words "believe," "project,"
"expect," "anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," "will be,"
"will continue," "will likely result," and similar expressions.
These forward-looking statements are subject to a number of risks,
uncertainties and assumptions, including, but not limited to; the
inability to maintain the listing of the Company’s securities on
Nasdaq following the business combination; the ability to recognize
the anticipated benefits of the business combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth economically and hire
and retain key employees; costs related to the business
combination; changes in applicable laws or regulations; the
possibility that the Company may be adversely affected by other
economic, business, and/or competitive factors; and other risks and
uncertainties to be identified in the proxy statement/prospectus
relating to the business combination, including those under "Risk
Factors" therein, and in other filings with the SEC made by the
Company. Moreover, the Company operates in a very competitive and
rapidly changing environment. Because forward-looking statements
are inherently subject to risks and uncertainties, some of which
cannot be predicted or quantified and some of which are beyond the
Company's control, you should not rely on these forward-looking
statements as predictions of future events. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and except as required by law. the Company assumes no obligation
and do not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise. the Company gives no assurance that it will achieve
its expectations.
Contacts
George YutucNature’s Miracle Holding Inc.
George.yutuc@nature-miracle.com
Natures Miracle (NASDAQ:NMHI)
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Natures Miracle (NASDAQ:NMHI)
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