NEXT-ChemX Corp. Files 8-K on Equity Sales

TL;DR

NEXT-ChemX filed an 8-K for unregistered equity sales on 5/29.

AI Summary

NEXT-ChemX Corporation filed an 8-K on June 10, 2024, reporting on unregistered sales of equity securities and material modifications to security holder rights, with the earliest event reported on May 29, 2024. The company, formerly known as AllyMe Group, Inc./NV, is incorporated in Nevada and operates in the miscellaneous chemical products sector.

Why It Matters

This filing indicates potential dilution or changes in ownership structure due to unregistered equity sales, which could impact existing shareholders.

Risk Assessment

Risk Level: medium — Unregistered equity sales can signal financial distress or dilution, requiring further investigation into the terms and impact.

Key Players & Entities

• NEXT-ChemX Corporation (company) — Registrant
• AllyMe Group, Inc./NV (company) — Former company name
• May 29, 2024 (date) — Earliest event reported
• June 10, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — f the Company's Common Stock (par value $0.001). Each Share of Class A Preferred Stock

Filing Documents

• form8-k.htm (8-K) — 37KB
• ex4-1.htm (EX-4.1) — 4KB
• form8-k_001.jpg (GRAPHIC) — 2KB
• ex4-1_001.jpg (GRAPHIC) — 946KB
• ex4-1_002.jpg (GRAPHIC) — 922KB
• ex4-1_003.jpg (GRAPHIC) — 658KB
• 0001493152-24-023258.txt ( ) — 3694KB
• chmx-20240529.xsd (EX-101.SCH) — 3KB
• chmx-20240529_lab.xml (EX-101.LAB) — 33KB
• chmx-20240529_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 3KB

03 Material

Item 3.03 Material Modification to Rights of Security Holders. Item 3.02 is fully incorporated into the present Item 3.03 disclosure. No preferred stock has been issued by the Company prior to the present issuance of this preferred Class A shares. The Board filed a "Certificate of Designation, Number, Powers, Preferences, and Relative, Participating, Optional, and Other Special Rights and the Qualifications, Limitations, Restrictions, and Other Distinguishing Characteristics Of Series "A" Preferred Stock Of Next-ChemX Corporation" (the "Certificate of Designation") certifying the rights and benefits of the newly issued Class "A" Preferred Stock as defined by the Board. Class A Preferred Stock Each share of Class A Preferred Stock ranks senior to all Common Stock and any other class of securities that is specifically designated as junior to the Class A Preferred Stock. Each Share of Class A Preferred Stock shall be convertible at any time by the holder thereof into 250 shares of Common Stock, however, any Series A Preferred Stock remaining unconverted at 5:00 P.M., Las Vegas, Nevada time on January 1, 2026 shall be automatically converted into Two Hundred Fifty (250) shares of the Company's Common Stock (par value $0.001). Each Share of Class A Preferred Stock shall be entitled to Five Hundred (500) votes on any matter on which any of the shareholders are required or permitted to vote. No dividends shall be paid on any Series "A" Preferred Stock.

01 Financial

Item 9.01 Financial (d) Exhibits. The following documents are filed herewith: Exhibit No. Description Exhibit 4.1 Certificate of Designation, Number, Powers, Preferences, and Relative, Participating, Optional, and Other Special Rights and the Qualifications, Limitations, Restrictions, and Other Distinguishing Characteristics Of Series "A" Preferred Stock Of Next-ChemX Corporation Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

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 hereunto duly authorized. Date: June 10, 2024 By: /s/ J. Michael Johnson Name: J. Michael Johnson Title: President

View Full Filing

View this 8-K filing on SEC EDGAR