NEW YORK, March 19, 2024 /PRNewswire/ -- Nature's
Miracle Holding Inc. (the "Company" or "Nature's Miracle") (NASDAQ
Global Market: NMHI; NASDAQ Capital Market: NMHIW) Chairman and
Chief Executive Officer James Li
just recently rang the closing bell at the Nasdaq Stock Market
studio in Times Square, New York
City. The ceremony signifies the trading of the Company
stock under the symbol "NMHI" on The Nasdaq Global Market and the
trading of the Company warrants under the symbol "NMHIW" on The
Nasdaq Capital Market. Prior to this ceremony, Nature's Miracle
successfully closed its business combination transaction with LBBB
Merger Corp. on March 11, 2024.
Nature's Miracle's management, its board of directors and guests
joined in the Nasdaq studios to celebrate this momentous
occasion.
Complete video footage can be seen at
https://www.nasdaq.com/videos/natures-miracle-inc-rings-the-nasdaq-stock-market-closing-bell.
Management Comments
Per James Li, Chairman and Chief
Executive Officer of Nature's Miracle, "Nature's Miracle is
thrilled and honored to join the Nasdaq family of listed companies.
This is another great milestone for our Company and its
subsidiaries in North America. We
have come a long way to build an innovative controlled environment
agricultural companies supplying equipment, controls systems and
other CEA technologies and products. Our goal is to bring the best
and cost-effective technology to the indoor farm operators in North
American so that consumers can have access to fresh and low-cost
vegetable products. Our mission is to reduce carbon emission,
conserve water and promote energy efficiency for the CEA
industry."
About Nature's Miracle Holdings Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing
agriculture technology company providing equipment and services to
growers in the Controlled Environment Agriculture ("CEA") industry
which also includes vertical farming 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, through its two wholly-owned subsidiaries (Visiontech
Group, Inc. and Hydroman, Inc.), provides grow lights as well as
other hydroponic products to hundreds of indoor growers in
North America.
Important Information About Press Release
This press release includes information about a bell ringing
ceremony. This occurred on March 14,
2024 at the Nasdaq Market studios in New York City. More information can be
obtained on Nasdaq.com
This press release contains the chairman's comments on the
listing of Nature's Miracle. Such comments are not construed to
imply immediate and assured access to the capital markets, whether
in the form of debt or equity capital. Such comments are not
construed to imply growth of revenue and market share as a result
of visibility of the Nasdaq ceremonies and this press release(s)
and does not construe increased abilities to obtain supplier and
business partnerships as a result of this announcement.
This press release contains references to clearance and
approvals from the Securities and Exchange Commission (SEC), the
closing of the business combination transaction involving Nature's
Miracle and Lakeshore Acquisition II. A full description of the
terms of the business combination have been provided in a
Registration Statement on Form S-4 and subsequent SEC filings. The
SEC filings can be obtained on sec.gov or by writing directly to
Nature's Miracle Holding Inc., 858 N. Central Ave., Upland, CA 91786.
This press release does not contain all the information that
should be considered concerning the stock of Nature's Miracle, its
warrants, and its related businesses. The press release is not
intended to form the basis of any investment decision or any other
decision in respect to the listing on Nasdaq, or approval by the
SEC.
Forward-looking Statements
Except for historical information contained herein, this press
release contains certain "forward-looking statements" within the
meaning of the federal U.S. securities laws with respect to the
Nasdaq listing and business of Nature's Miracle; other future
references such as the benefits of the Nasdaq listing and SEC
approval, the amount and potential funding of new capital, the
services and markets of Nature's Miracle, our expectations
regarding future growth, results of operations, performance, future
capital and other expenditures, competitive advantages, business
prospects and opportunities, future plans and intentions, results,
level of activities, performance, goals or achievements or other
future events. These forward-looking statements generally are
identified by words such as "anticipate," "believe," "expect,"
"may," "could," "will," "potential," "intend," "estimate,"
"should," "plan," "predict," or the negative or other variations of
such statements, reflect our management's current beliefs and
assumptions and are based on the information currently available to
our management. Forward-looking statements are predictions,
projections and other statements about future events that are based
on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Many factors could cause actual
results or developments to differ materially from those expressed
or implied by such forward-looking statements, including but not
limited to: (i) the risk that the business and revenue prospects of
Nature's Miracle may not materialize which may adversely affect the
price of Nature Miracle's securities; (ii) the listing is not a
conventional initial public offering, no sale of stock and
immediate cash infusion occurs for the Company; the Company can
continue facing the risk that the capital markets may not provide
capital or liquidity options whether in the form of issuing
equity or debt instruments; (iii) the failure to fulfill debt
obligations due to service providers related to the listing and SEC
approval since the application was submitted in late 2022l (iv) the
occurrence of any unforeseen event that would impact continued
listing on the Nasdaq exchange; (v) the effect of the announcement
or visibility of the Nasdaq listing on Nature's Miracle's business
relationships, operating results and business generally; (vi) risks
that new debt levels and capitalization of the merged Company poses
continued risks and potentially influence its abilities to secure
additional debt or bank financing; (vii) the outcome of any legal
proceedings that may be instituted against Nature's Miracle or the
listing of its securities; (viii) the ability to maintain the
listing of Nature's Miracle's securities on The Nasdaq Global
Market and The Nasdaq Capital Market, as applicable; (ix) changes
in the competitive industries in which Nature's Miracle operates,
variations in operating performance across competitors, changes in
laws and regulations affecting Nature's Miracle's business and
changes in the combined capital structure; (x) the ability to
implement business plans, forecasts and other expectations after
the completion of the proposed transaction, and identify and
realize additional opportunities; (xi) the risk of downturns in the
market and Nature's Miracle's industry including, but not limited
to market prices of indoor grower's produce, transportation costs,
competition with outdoor growers and demand in the consumer
marketplace ; (xii) costs related to the transaction and the
failure to realize anticipated benefits of the transaction or to
realize estimated pro forma results and underlying assumptions,
including with respect to estimated stockholder redemptions; (xiii)
risks and uncertainties related to Nature's Miracle's business,
including, but not limited to risks relating to the uncertainty of
the projected financial information with respect to Nature's
Miracle risks relating to Nature's Miracle's being unable to renew
the leases of their facilities and warehouses; Nature's Miracle's
ability to grow the size of its organization and management in
response of the increase of sales and marketing infrastructure;
risks relating to potential tariffs or a global trade war that
could increase the cost of Nature's Miracle's products; risks
relating to product liability lawsuits that could be brought
against Nature's Miracle;; Nature's Miracle's ability to formulate,
implement and modify as necessary effective sales, marketing, and
strategic initiatives to drive revenue growth; Nature's Miracle's
ability to expand internationally; acceptance by the marketplace of
the products and services that Nature's Miracle markets; and
government regulations and Nature's Miracle's ability to obtain
applicable regulatory approvals and comply with government
regulations. The foregoing list of factors is not exclusive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the "Risk Factors" section of proxy
statement, when available, and other documents filed by Nature's
Miracle from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Forward-looking statements speak
only as of the date on which they are made, and neither Nature's
Miracle assume any obligation to update or revise any
forward-looking statements or other information contained herein,
whether as a result of new information, future events or otherwise.
You are cautioned not to put undue reliance on these
forward-looking statements. Nature's Miracle does not give any
assurance that the Company will achieve its expectations.
Non-solicitation
This press release is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the potential business combination or any other
matter and shall not constitute an offer to sell or a solicitation
of an offer to buy the securities of Nature's Miracle, nor shall
there be any sale of any such securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act of 1933, as amended.
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SOURCE Nature's Miracle Holding Inc