UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
December 28, 2021
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Next Meats Holdings, Inc.
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(Exact
name of registrant as specified in its charter)
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Nevada
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000-56167
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85-4008709
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(state
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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3F 1-16-13 Ebisu Minami Shibuya-ku,
Tokyo Japan
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150-0022
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(address
of principal executive offices)
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(zip
code)
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81-90-6002-4978
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(registrant’s
telephone number, including area code)
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N/A
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(former
name or former mailing address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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[
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [X]
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
TABLE
OF CONTENTS
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Table of Contents
Note: “We”,
“Us”, “The Issuer”, and or “The Company” refer to Next Meats Holdings, Inc., a Nevada Company.
All dollar amounts used throughout this Report are in
US Dollars, unless otherwise stated.
Forward
Looking Statements
This
Current Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, that involve risks, uncertainties, and assumptions that are difficult to predict.
All statements other than statements of historical fact contained in this Current Report, including statements regarding future events,
our future financial performance, business strategy, and plans and objectives of management for future operations, are forward-looking
statements. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,”
“can,” “continue,” “could,” “estimates,” “expects,” “intends,”
“may,” “plans,” “potential,” “predicts,” or “should,” or the negative of these
terms or other comparable terminology. The forward-looking statements made herein are based on the Company’s current expectations.
Actual results could differ materially from those described or implied by such forward-looking statements as a result of various important
factors, including, without limitation, its limited operating history, competitive factors in the Company’s industry and market,
and other general economic conditions. The forward-looking statements made herein are based on the Company’s current expectations,
assumptions, and projections, which could provide to be incorrect. The forward-looking statements made herein speak only as of the date
of this Current Report and the Company undertakes no obligation to update publicly such forward-looking statements to reflect subsequent
events or circumstances, except as otherwise required by law.
3.02
Unregistered Sales of Equity Securities.
As
detailed below, under Item 5.03, on December 28, 2021 we filed an amendment to our Articles of Incorporation with the Nevada Secretary
of State, resulting in an increase to our authorized shares of Common Stock from 500,000,000 to 1,000,000,000.
On
or about December 29, 2021, we sold 270,929 shares of restricted Common Stock to Demic Co., Ltd.., a Japanese Company, at a price of $2.00
per share of Common Stock. The total subscription amount paid by Demic Co., Ltd. was approximately $541,858.
The
above transaction was approved by the Chief Executive Officer of Demic Co., Ltd., Tadayoshi Masutomi. Demic Co., Ltd. is not considered
a related party to the Company.
The
proceeds from the above sale of shares are to be used by the Company for working capital.
On
or about December 29, 2021, we sold 882,257 shares of restricted Common Stock to Kiyoshi Kobayashi, a Japanese Citizen, at a price of
$2.00 per share of Common Stock. The total subscription amount paid by Kiyoshi Kobayashi was approximately $1,764,513.
Kiyoshi
Kobayashi is not considered a related party to the Company.
The
proceeds from the above sale of shares are to be used by the Company for working capital.
The
aforementioned sales of shares were conducted pursuant to Regulation S of the Securities Act of 1933, as amended ("Regulation S"). The
sales of shares were made only to non-U.S. persons/entities (as defined under Rule 902 section (k)(2)(i) of Regulation S), pursuant to
offshore transactions, and no directed selling efforts were made in the United States by the issuer, a distributor, any of their respective
affiliates, or any person acting on behalf of any of the foregoing.
A
copy of the specimen subscription agreement for the sales of shares per the above transaction(s) is attached herein as exhibit 10.2. This
Form 8-K does not purport to include full details and or terms of the sale of shares to the aforementioned parties.
Following
the sale of the above restricted Common Shares, we now have 501,153,186 shares of Common Stock issued and outstanding as of the date of
this report.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain officers.
On
December 28, 2021, Ryo Shirai resigned as our Chief Executive Officer and was appointed Chairman of the Board of Directors It should
be noted he was previously a Director, but now also serves as Chairman of the Board of Directors. Previously, there was no designated
Chairman of the Board of Directors.
The
resignation of Mr. Ryo Shirai, as Chief Executive Officer, was
not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.
On
December 28, 2021, Mr. Koichi Ishizuka was appointed Chief Executive Officer of the Company.
There
is no arrangement or understanding among the newly appointed officer, Koichi Ishizuka, or any other person, pursuant to which they were
appointed as an officer of the Company.
Item
5.03 Amendments to Articles of Incorporation or Bylaws.
Our
majority shareholders, collectively, Ryo Shirai, Hideyuki Sasaki, and Koichi Ishizuka (directly and indirectly through White Knight Co.,
Ltd.), and our Board of Directors, have executed a resolution to ratify, affirm, and approve an amendment to our Certificate of Incorporation,
increasing the authorized shares of our Common Stock from 500,000,000 to 1,000,000,000. The Amendment was filed with the Nevada Secretary
of State on December 28, 2021, effective immediately upon filing.
The
Company believes that this action to increase the authorized shares of available common shares will allow the Company, amongst other
things, and if it so chooses, to more easily garner investments from future capital raises through the sale of equity.
A
copy of the amendment to our certificate of incorporation is attached herein as exhibit 3.13.
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Table
of Contents
ITEM
9.01 EXHIBITS
(d) Exhibits
EXHIBITS
TO FORM 8-K
(1) Filed
as an exhibit to the Company's Form 10-12G, as filed with the SEC on May 8, 2020, and incorporated herein by this reference.
(2) Filed
as an exhibit to the Company's Form 8-K, as filed with the SEC on September 21, 2020, and incorporated herein by this reference.
(3) Filed
as an exhibit to the Company's Form 8-K, as filed with the SEC on January 29, 2021, and incorporated herein by this reference.
(4) Filed as an exhibit to the Company's Form 8-K, as filed with
the SEC on June 9, 2021, and incorporated herein by this reference.
(5) Filed herewith as an exhibit.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Next Meats
Holdings, Inc.
Dated:
December 29, 2021
By:
/s/ Koichi Ishizuka
Koichi Ishizuka,
Chief
Executive Officer
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THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933 (THE "ACT") AND ARE PROPOSED TO BE ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT. UPON ANY SALE, SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR OTHERWISE
TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE ACT, OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS
IN COMPLIANCE WITH THE ACT.
SUBSCRIPTION AGREEMENT
Next Meats Holdings, Inc.
This SUBSCRIPTION AGREEMENT is made as of this ____ day of
December 2021, by and between Next Meats Holdings, Inc., a Nevada corporation, (the "Company") with its address at
3F 1-16-13 Ebisu Minami Shibuya-ku, Tokyo, 150-0022, and the undersigned (the
"Subscriber").
WHEREAS:
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The
Company desires to issue a maximum of ________________________, (__________) shares of common
stock of the Company at a price of $______ USD per share (the "Offering") pursuant to Regulation S of the United States Securities
Act of 1933 (the “Act”).
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The Subscriber desires to acquire the number of shares of the Offering set forth on the signature page hereof (the "Shares") on the terms and subject to the conditions of this Subscription Agreement.
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NOW, THEREFORE, for and in consideration of the premises and the
mutual covenants hereinafter set forth, the parties hereto do hereby agree as follows:
1. SUBSCRIPTION FOR SHARES
1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber
hereby subscribes for and agrees to purchase from the Company such number of Shares as is set forth upon the signature page hereof at
a price equal to $______ USD per Share. Upon execution, the subscription by the Subscriber will be irrevocable.
1.2 The purchase price is payable by the Subscriber contemporaneously
with the execution and delivery of this Subscription Agreement.
1.3 Upon execution by the Company, the Company agrees to sell such Shares
to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Shares as it
may, in its sole discretion, deem necessary or desirable.
1.4 Any acceptance by the Company of the Subscriber is conditional upon
compliance with all securities laws and other applicable laws of the jurisdiction in which the Subscriber is a resident. Each
Subscriber will deliver to the Company all other documentation, agreements, representations, and requisite government forms required by
the Company as required to comply with all securities laws and other applicable laws of the jurisdiction of the Subscriber. The
Company will not grant any registration or other qualification rights to any Subscriber.
2. REGULATION S AGREEMENTS OF THE SUBSCRIBER
2.1 The Subscriber agrees to resell the Shares only in accordance with
the provisions of Regulation S of the Act pursuant to registration under the Act, or pursuant to an available exemption from registration
pursuant to the Act.
2.2 The Subscriber agrees not to engage in hedging transactions with regard
to the Shares unless in compliance with the Act.
2.3 The Subscriber acknowledges and agrees that all certificates representing
the Shares will be endorsed with the following legend in accordance with Regulation S of the Act:
“THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE "ACT") AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE ACT PROVIDED BY REGULATION S PROMULGATED UNDER THE ACT. SUCH SECURITIES MAY NOT BE REOFFERED FOR SALE OR RESOLD OR
OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO AN EFFECTIVE REGISTRATION UNDER THE ACT, OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE ACT. HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE
CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT.”
2.4 The Subscriber and the Company agree that the Company will refuse to
register any transfer of the Shares not made in accordance with the provisions of Regulation S of the Act, pursuant to registration under
the Act, or pursuant to an available exemption from registration.
3. REPRESENTATIONS AND WARRANTIES BY SUBSCRIBER
3.1 The Subscriber represents and warrants to the Company and acknowledges
that the Company is relying upon the Subscriber’s representations and warranties in agreeing to sell the Shares to the Subscriber
that:
The Subscriber is not a “U.S. Person” as defined by Regulation
S of the Act and is not acquiring the Shares for the account or benefit of a U.S. Person.
A “U.S. Person” is defined by Regulation S of the
Act to be any person who is:
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any natural person resident in the United States;
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any partnership or corporation organized or Inc. under the laws of the
United States;
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any estate of which any executor or administrator is a U.S. person;
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any trust of which any trustee is a U.S. person;
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any agency or branch of a foreign entity located in the United States;
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any non-discretionary account or similar account (other than an estate
or trust) held by a dealer or other fiduciary organized, incorporate, or (if an individual) resident in the United States; and
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any partnership or corporation if organized or Inc. under the laws of any foreign jurisdiction; and formed by a U.S. person principally for the purpose of investing in securities not registered under the Act, unless it is organized or Inc., and owned, by accredited investors [as defined in Section 230.501(a) of the Act] who are not natural persons, estates or trusts.
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The Subscriber recognizes that this purchase of Shares involves a high
degree of risk in that the Company has only conducted nominal operations since inception and is currently deemed to be a shell company.
Subscriber acknowledges that they understand the Company may require substantial funds in addition to the proceeds of this private placement.
Subscriber acknowledges and agrees that proceeds from the sale of the Shares
herein may be used by the Company to fund any operations of its current, or future subsidiaries it may operate through.
An investment in the Company is highly speculative and only investors who
can afford the loss of their entire investment should consider investing in the Company and the Shares.
The Subscriber has had full opportunity to review information regarding
the business and financial condition of the Company with the Subscriber’s legal and financial advisers prior to execution of this
Subscription Agreement.
The Subscriber has such knowledge and experience in finance, securities,
investments, including investment in non-listed and non- registered securities, and other business matters so as to be able to protect
its interests in connection with this transaction.
The Subscriber acknowledges that a minimal market for the Shares presently
exists and a greater demand for the Shares may not further develop in the future, and accordingly the Subscriber may not be able to liquidate
its investment.
The Subscriber hereby acknowledges that this offering of Shares has not
been reviewed by the United States Securities and Exchange Commission (the "SEC") and that the Shares are being issued by the
Company pursuant to an exemption from registration provided by Regulation S pursuant to the United States Securities Act.
The Subscriber is acquiring the Shares as principal for the Subscriber's
own benefit.
The Subscriber is not aware of any advertisement of the Shares.
The Subscriber is acquiring the Shares subscribed to hereunder as an investment
for the Subscriber's own account, not as a nominee or agent, and not with a view toward the resale or distribution of any part thereof,
and the Subscriber has no present intention of selling, granting any participation in, or otherwise distributing the same.
The Subscriber does not have any contract, undertaking, agreement or arrangement
with any person to sell, transfer or grant participation to such person, or to any third person, with respect to
any of the Shares sold hereby.
The Subscriber has full power and authority to enter into this Agreement
which constitutes a valid and legally binding obligation, enforceable in accordance with its terms.
The Subscriber can bear the economic risk of this investment and was not
organized for the purpose of acquiring the Shares.
The Subscriber has satisfied himself or herself as to the full observance
of the laws of his or her jurisdiction in connection with any invitation to subscribe for the Shares and/or any use of this Agreement,
including (i) the legal requirements within his/her jurisdiction for the purchase of the Shares, (ii) any foreign exchange restrictions
applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other
tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Shares.
4. REPRESENTATIONS BY THE COMPANY
4.1 The Company represents and warrants to the Subscriber that:
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The Company is a corporation duly organized, existing and in good standing under the laws of the State of Nevada and has the corporate power to conduct the business which it conducts and proposes to conduct.
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Upon issue, the Shares will be duly and validly issued, fully paid and non-assessable common shares in the capital of the Company.
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5. TERMS OF SUBSCRIPTION
5.1 Pending acceptance of this subscription by the Company, all
subscription funds paid hereunder shall be deposited with White Knight Co., Ltd., a Japanese corporation, the Company’s
designated agent, (“Designee”) and or Next Meats Holdings or one of its subsidiaries. If applicable, the
Company’s Designee agrees to make available to the Company, or a current or future wholly owned subsidiary the Company may
operate through, for the purposes set forth in the disclosure statement, all subscription funds immediateley upon request by the
Company. In the event the subscription is not accepted, the subscription funds will constitute a non-interest bearing
demand loan of the Subscriber to the Company.
5.2 The Subscriber hereby authorizes and directs the Company to deliver
the securities to be issued to such Subscriber pursuant to this Subscription Agreement to the Subscriber’s address indicated herein.
5.3 The Subscriber acknowledges and agrees that the subscription for the
Shares and the Company's acceptance of the subscription is not subject to any minimum subscription for the Offering.
6. MISCELLANEOUS
6.1 Any notice or other communication given hereunder shall be deemed sufficient
if in writing and sent by registered or certified mail, return receipt requested, addressed to the Company at the address listed at the
top of this agreement, and to the Subscriber at his or her address indicated on the last page of this Subscription Agreement. Notices
shall be deemed to have been given on the date of mailing, except notices of change of address, which shall be deemed to have been given
when received.
6.2 Notwithstanding the place where this Subscription Agreement may be
executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be construed in accordance
with and governed by the laws of the State of Nevada.
6.3 The parties agree to execute and deliver all such further documents,
agreements and instruments and take such other and further action as may be necessary or appropriate to carry out the purposes and intent
of this Subscription Agreement.
7. REPRESENTATIONS BY FOREIGN RESIDENTS
7.1 If the Subscriber is a foreign resident, the Subscriber
represents to the Company that the Subscriber is a resident of a foreign jurisdiction, and not a US citizen.
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(i)
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a spouse, parent, brother, sister or child of Koichi Ishizuka, a senior officer or director of the Company ;
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(ii)
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a close friend or business associate of Koichi Ishizuka, a senior officer or director of the Company , or
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(iii)
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a company, all of the voting securities of which are beneficially owned by one or more of a spouse, parent, brother, sister, child or close personal friend or business associate of Koichi Ishizuka, a senior officer or director of the Company.
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IN WITNESS WHEREOF, this Subscription Agreement is executed as of
the day and year first written above.
Issuer Name: Next Meats Holdings, Inc.
Number of Common Shares Subscribed For: ___________________
Price Per Share: $ USD
Total Subscription Amount in USD (Shares X Price Per Share): $ USD
Name of Subscriber: _______________________
Address of Subscriber: ___________________________
(Subscriber’s Email Address): _____________________________
(Subscriber’s ID Number if applicable): _____________________________
Signature of Subscriber : _________________________________________
(Name of Subscriber:____________________)
Title of Signing Person (if Subscriber is a Company): _____________________
ACCEPTED BY:
Next Meats Holdings, Inc.
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Signature
of Authorized Signatory: ________________________
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Name of Authorized Signatory: Koichi Ishizuka
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Position of Authorized Signatory: Chief Financial Officer
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Date of Acceptance: December ____, 2021
