NATURE'S MIRACLE INC. ANNOUNCES MEMORANDUM OF UNDERSTANDING TO ACQUIRE FUTURE TECH INC.
March 20 2024 - 04:37AM
PR Newswire (US)
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LOS ANGELES, March 20, 2024 /PRNewswire/ -- Nature's Miracle Holding Inc. (the "Company" or "Nature's Miracle") (NASDAQ Global Market: NMHI; NASDAQ Capital Market: NMHIW), a leader in vertical farming technology and infrastructure, is pleased to announce that the Company has entered into a Memorandum of Understanding ("MOU") with Future Tech Inc. ("FTC"), an Ohio-based financial technology, data systems and energy integrator company with access to 100MW of electricity in Ohio. Both Nature's Miracle and FTC intend to exchange information for the understanding of consummating an equity transaction in which Nature's Miracle will acquire all of the issued and outstanding shares of common stock of FTC from the stockholders of FTC in exchange for shares of common stock of Nature's Miracle. Such transaction is subject to due diligence and ratification by the Board of Directors of Nature's Miracle and certain milestones to be completed by FTC.