CORRECTION-No Business Combination Between Next Meats Co., LTD and Next Meat Holdings, Inc.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
TOKYO, Jan. 29, 2021 (GLOBE NEWSWIRE) -- Next Meats Co., LTD, the controlling shareholder of Next Meats Holdings, Inc. (“NXMH") 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. Following the release, the Company discovered material errors in the disclosure including but not limited to the fact that Next Meats Co. LTD had not completed any business combination with NXMH. There was no merger. NXMH and Next Meats Co. LTD have discussed a business combination but there is no material agreement. The error occurred because internal staff at Next Meats, Co., LTD, a Japanese company incorrectly translated the press release drafted in Japanese to GlobeNewswire.