secwatch.observer — SEC 8-K summary
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Issuer:     Next Meats Holdings, Inc. (NXMH)
CIK:        0001811530
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001599916-23-000159
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Next Meats to restate financials over 452M share issuance misvalued as market transaction
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- 452,352,298 shares issued to majority shareholder on Jan 28, 2021 now reclassified as common control transaction at $0 value.
- Prior market-price valuation deemed not credible; correction removes $452K from par value and reduces additional paid-in capital.
- Amendments planned for 10-Q periods Jan 2021 through Jan 2023 and 10-Ks for FY 2021, 2022; FY 2023 10-K will also reflect adjustment.
- Current auditor BF Borgers CPA PC agreed with the reclassification.
- Non-reliance on previously issued financial statements due to error.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811530/000159991623000159/0001599916-23-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811530/000159991623000159/form8k_71823.htm
  HTML page:      https://secwatch.observer/filing/0001599916-23-000159

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