Nature’s Miracle announces 1-for-30 reverse stock split

Nature’s Miracle (NMHI) announced that on November 21, effective at 12:01 a.m. Eastern Time, it will effectuate a 1-for-30 reverse split of its common stock. The company’s common stock will begin trading on a split-adjusted basis when the market opens on November 21, under its current trading symbol “NMHI”. The new CUSIP number of the company’s common stock following the reverse stock split will be 63903P 209. The reverse stock split is intended, among other things, primarily to increase the bid price of the company’s common stock to enable the company to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Global Market.