secwatch.observer — SEC 8-K summary
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Issuer:     Next Meats Holdings, Inc. (NXMH)
CIK:        0001811530
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001599916-22-000173
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Next Meats sells Dr. Foods stake to CEO-affiliated firm for $147,624, exits equity position
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- Sold 5,000 shares of Dr. Foods Series Z Preferred Stock to White Knight Co., Ltd. for ~$147,624.
- White Knight is controlled by CEO Koichi Ishizuka; transaction approved by all boards.
- NXMH no longer holds equity in DRFS; White Knight now holds 79.22% voting control.
- Proceeds to be used for working capital; sale conducted under Regulation S.
- Koichi Ishizuka serves as officer/director of NXMH, WK, and DRFS; transaction is a related-party deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811530/000159991622000173/0001599916-22-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811530/000159991622000173/nxmh8k7122.htm
  HTML page:      https://secwatch.observer/filing/0001599916-22-000173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer