from 8k: Item 8.01 Other Events.
On January 27, 2020 Next Meats Co., Ltd., our controlling shareholder, issued a press release announcing that Next Meats Co. Ltd. had “gone public on the American OTC Market this week as Next Meats Holdings, Inc. (NXMH)”. Following the release, the Company discovered errors in the disclosure including, but not limited to, the fact that Next Meats Co. Ltd. had not completed any business combination with the Company. The error occurred because internal staff at Next Meats, Co., Ltd. incorrectly translated the press release drafted in Japanese to the news wire service who ultimately published the news release. Next Meats Co., Ltd. will post an amended and corrected press release with the news wire service.
For additional clarification, it should be noted that the Company, Next Meats Holdings Inc., and our controlling shareholder, Next Meats Co., Ltd., have engaged in informal discussions regarding a possible merger and/or acquisition, which could result in Next Meats Co., Ltd. becoming a wholly owned subsidiary of the Company. However, these verbal discussions are, as of the present date, informal and speculative, and no material steps have been taken to effect this action in any capacity.
On January 28, 2021, our majority shareholder, Next Meats Co., Ltd., along with our Board of Directors took action to ratify, affirm, and approve the issuance of 452,352,298 shares of restricted common stock to Next Meats Co., Ltd. The shares were issued for services rendered to the Company. Following this issuance we now have 500,000,000 shares of common stock issued and outstanding.
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