ONTARIO,
Calif., Jan. 14, 2025 /PRNewswire/ -- Nature's
Miracle Holding Inc. (NASDAQ: NMHI) ("Nature's Miracle" or the
"Company"), a leader in vertical farming technology and
infrastructure, today announced that on January 13, 2025, the Company received written
notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq")
indicating that the Nasdaq Hearings Panel has determined to delist
the Company's common stock and warrants from Nasdaq due to the
Company's failure to comply with minimum shareholder's equity
requirement under Nasdaq Listing Rule 5550(b)(1). The Notice
indicated that trading in the Company's common stock and warrants
will be suspended on Nasdaq, effective at the open of business on
January 15, 2025.
The Company has 15 days after the date it
received notice of the Panel's decision to request that the Nasdaq
Listing and Hearing Review Council (the "Council") review the
Hearing Panel's decision, or the Council may, on its own motion,
determine to review the Hearing Panel's decision within 45 calendar
days of the issuance of the decision.
The Company is considering to appeal the decision.
Upon suspension of the trading of its common
stock on Nasdaq, the Company expects that its common stock and
warrants will be quoted under its existing symbol "NMHI" and "NMHW"
respectively, on the OTC Pink .
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing
agriculture technology company providing products and services to
growers in the Controlled Environment Agriculture ("CEA") industry
around the world. The company has recently launched EV
and bitcoin business, all energy dependent
as CEA.
Forward-Looking Statements
The information in this press release includes
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, but are not limited to, statements regarding
expectations, hopes, beliefs, intentions or strategies regarding
the future. In addition, any statements that refer to projections,
forecasts or other characterizations of future events or
circumstances, including any underlying assumptions, are
forward-looking statements. The words "anticipate," "believe,"
"contemplate," "continue," "could," "estimate," "expect,"
"forecast," "intends," "may," "will," "might," "plan," "possible,"
"potential," "predict," "project," "should," "would" and similar
expressions may identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking. Forward-looking statements in this press release
may include, for example: the intended use of proceeds from the
offering; successful launch and implementation of Nature's
Miracle's joint projects with manufacturers and other supply chain
participants of steel, rubber and other materials; changes in
Nature's Miracle's strategy, future operations, financial position,
estimated revenues and losses, projected costs, prospects and
plans; Nature's Miracle's ability to develop and launch new
products and services; Nature's Miracle's ability to successfully
and efficiently integrate future expansion plans and opportunities;
Nature's Miracle's ability to grow its business in a cost-effective
manner; Nature's Miracle's product development timeline and
estimated research and development costs; the implementation,
market acceptance and success of Nature's Miracle's business model;
developments and projections relating to Nature's Miracle's
competitors and industry; and Nature's Miracle's approach and goals
with respect to technology. These forward-looking statements are
based on information available as of the date of this press
release, and current expectations, forecasts and assumptions, and
involve a number of judgments, risks and uncertainties.
Accordingly, forward-looking statements should not be relied upon
as representing views as of any subsequent date, and no obligation
is undertaken to update forward-looking statements to reflect
events or circumstances after the date they were made, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws. As a result of a
number of known and unknown risks and uncertainties, actual results
or performance may be materially different from those expressed or
implied by these forward-looking statements. Some factors that
could cause actual results to differ include: the ability to
maintain the listing of the Company's shares on Nasdaq; changes in
applicable laws or regulations; the effects of the coronavirus
(COVID-19) and any future outbreaks on Nature's Miracle's business;
the ability to implement business plans, forecasts, and other
expectations, and identify and realize additional opportunities;
the risk of downturns and the possibility of rapid change in the
highly competitive industry in which Nature's Miracle's operates;
the risk that Nature's Miracle's and its current and future
collaborators are unable to successfully develop and commercialize
Nature's Miracle's products or services, or experience significant
delays in doing so; the risk that the Company may never achieve or
sustain profitability; the risk that the Company will need to raise
additional capital to execute its business plan, which may not be
available on acceptable terms or at all; the risk that the Company
experiences difficulties in managing its growth and expanding
operations; the risk that third-party suppliers and manufacturers
are not able to fully and timely meet their obligations; the risk
that Nature's Miracle's is unable to secure or protect its
intellectual property; the possibility that Nature's Miracle's may
be adversely affected by other economic, business, and/or
competitive factors; and other risks and uncertainties described in
Nature's Miracle's filings from time to time with the SEC.
For more information, please contact:
Nature's Miracle Holding,
Inc.
Investor Relations Department
ir@nature-miracle.com
Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nature's Miracle Holding Inc.
