Why Nature's Miracle (NMHI) Stock Is Down 28%

Zinger Key Points
  • Nature's Miracle shares are trading lower by 30% Friday afternoon.
  • The company announced a $3 million public offering.

Nature’s Miracle Holding Inc NMHI shares are trading lower by 28.8% to 10 cents Friday afternoon after the company announced a $3 million public offering.

What To Know: The offering includes 24,137,360 units priced at $0.1118 per unit, each comprising one share of common stock, a Series A Warrant for an additional share and a Series B Warrant with shares determined at a later date.

Additionally, 2,696,271 pre-funded units are being offered at $0.1117 per unit, each containing a pre-funded warrant, a Series A Warrant, and a Series B Warrant.

The offering is set to close around November 12, pending standard closing conditions.

Read Also: Powell Brushes Off Trump’s Removal Threat: Economists Say 2026 Could Be His Last Stand

According to data from Benzinga Pro, NMHI has a 52-week high of $3.04 and a 52-week low of $0.08.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Newswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!