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

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.

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