Pro Music Rights, Inc., one of the world's largest music licensing companies, announces that it has closed on the agreement to go public via a Reverse Merger with Nuvus Gro Corp (OTC: NUVG)

Rhea-AI Summary

Pro Music Rights, one of the largest music licensing firms, has successfully completed a reverse merger with Nuvus Gro Corp (OTC: NUVG). This strategic move is expected to enhance Pro Music Rights’ operational capabilities and expand its market reach. The company, which holds a 7.4% market share in the U.S., represents over 2.5 million works from renowned artists like A$AP Rocky and Pharrell. Financial statements are set for release on August 19, 2022, detailing the merger's implications.

Positive

• Successful reverse merger with Nuvus Gro Corp enhances operational capabilities.
• Pro Music Rights controls 7.4% market share in the U.S. music licensing industry.
• Merger expected to expand market reach and revenue potential.

Negative

• Forward-looking statements involve risks and uncertainties affecting future performance.

NAPLES, Fla., Aug. 15, 2022 /PRNewswire/ -- Pro Music Rights, Inc., one of the world's largest music licensing companies, announces that it has closed on the agreement to go public via a Reverse Merger with Nuvus Gro Corp (OTC: NUVG).

Pro Music Rights  intends to Release its Financial statements by August 19, 2022, as well as other detailed information pertaining to the closed reverse merger with Nuvus Gro Corp (OTC: NUVG) via EDGAR. 

About Pro Music Rights, Inc. (ProMusicRights.com)

Pro Music Rights the 5th public performance rights organization (PRO) ever formed in the United States. Its licensees include notable companies like TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and hundreds of others. Pro Music Rights controls an estimated market share of 7.4% in the United States, representing over 2,500,000 works that feature notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBaggYo, Larry June, Trae Pound, Sause Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Fall Out Boy, and countless others. For more information, please visit promusicrights.com.

This press release contains certain 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, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Pro Music Rights, Inc. to accomplish its stated plan of business. Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc. or any other person.

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SOURCE Pro Music Rights, Inc.

FAQ

What does the reverse merger between Pro Music Rights and Nuvus Gro Corp mean for NUVG shareholders?

The reverse merger is anticipated to enhance Pro Music Rights' operational capabilities and market presence, potentially benefiting NUVG shareholders through increased revenue opportunities.

When will Pro Music Rights release its financial statements after the merger?

Pro Music Rights is expected to release its financial statements by August 19, 2022, outlining details related to the merger.

What is Pro Music Rights' market share after the merger with Nuvus Gro Corp?

Pro Music Rights holds a 7.4% market share in the U.S. music licensing industry.

What risks are associated with the forward-looking statements in the PR?

The risks include uncertainties around Pro Music Rights' ability to execute its business plans effectively after the merger.