DRP Journal

Discover Research Profit

Finance 

JP 3E Holdings Inc. (OTC: SPZI) Stock Gains Momentum: Here is Why

Ankit Singhania

Following a major new announcement from JP 3E Holdings Inc. (OTC:SPZI) on Monday with regards to important corporate developments, the stock gained momentum. It could be a good idea to consider taking a closer look ahead of the beginning of today’s trading.

SPZI: JP 3E Holdings, Inc. Accelerates Growth with Major Corporate Milestones Toward Uplisting

JP 3E Holdings announced that the key developments were going to usher in a new era of expansion and growth. The strategic initiatives planned by the company include uplisting to the OTCQB and filing a Form 10. After the Form 10 filing, the company would begin the 15c2-11 filing and become a fully reporting company as per the guidelines of the SEC (Securities and Exchange Commission).

That would lead to the removal of the’shell risk’ designation and help in bringing about a complete rebranding. Eventually, JP 3E Holdings would also work on a change of name, a ticker symbol, and a CUSIP number.

Preparations

The company appears to have prepared the ground for these moves given the fact that it completed both its audited financial statements for 2022 and 2023. In the news release, JP 3E Holdings noted that the completion of both was a major achievement and provided the basis for it to become a fully reporting company to the SEC.

The company went on to note that the completion of those financial statements was also a demonstration of its commitment to compliance and transparency.

Management Quote

“Our journey to become a fully reporting company is not just about meeting regulatory requirements; it’s a testament to our integrity, transparency, and dedication to sustainable growth,” said John K. Park, Chairman and President of JP 3E Holdings, Inc. “These strategic steps are complex and demanding, but they reflect our unwavering commitment to our shareholders and our vision to be a leader in the markets we serve.”

Technicals

+/- EMA(20)0.0042 (-7.14%)
+/- SMA(50)0.0046 (-15.22%)
+/- SMA(200)0.0067 (-41.79%)