NextMart, Inc (NXMR)

[PennystockID2017]

NextMart, Inc. - 43% Common Stock Cancellation

CARLSBAD, N.M., Aug. 5, 2022 /PRNewswire/ -- NextMart, Inc. (the "Company" or "NXMR" - Pink Sheets Alternative Reporting Pink: NXMR) – NXMR would like to announce that it has cancelled a significant number of shares of Common Stock to treasury thus lowering its current issued and outstanding Common Stock.

Before the above-mentioned Common Stock cancellation, the Company had 415,025,304 shares of Common Stock issued and outstanding. After the cancellation, the Company will have 233,933,024 shares of Common Stock issued and outstanding.

Mr. Maldonado (CEO of the Company), states, "This cancellation of 177,025,304 shares of the Common Stock of the Company will lower our issued and outstanding Common Stock to 237,933,024. This cancellation will effectively reduce the issued and outstanding Common Stock of the Company by more than 43%. This is a huge event for the Company and shows the public market our commitment to our shareholders."

Working on an additional 68 million plus shares of Common Stock to cancel.