CycleX signs memorandum of understanding for share exchange with Nasdaq-listed company NMHI for $10 million

Odaily Planet Daily News Industry innovative RWA platform CycleX has signed a memorandum of exchange with Nasdaq-listed Nature's Miracle Holding Inc. The two parties agreed that the transaction price is approximately US$10 million, and the share swap is expected to be completed within the next two months. This strategic cooperation will provide standardized financial services for NMHI, provide customers with more stable, efficient and diversified solutions, and maintain its leading position in the industry. At the same time, CycleX will also cooperate with the FTC (Federal Trade Commission) to jointly develop innovative token economy businesses. In addition, CycleX is conducting a Token airdrop event and will incentivize early supporters. About CycleX, as an innovative RWA platform, it is deeply involved in asset management and investment. By converting real-world assets into digital assets, the platform increases the liquidity and accessibility of assets, which will provide more opportunities for investors.