Spooz Stock Price, News & Analysis

JP3E Holdings (OTC: SPZI) has successfully completed its initial shipment of 300 metric tons of ICUMSA 45 Sugar from Brazil to Turkey through its subsidiary JP Energy Global. This delivery initiates a full year of scheduled sugar deliveries under the contract. The transaction was executed through their newly launched Trade Finance platform in partnership with Bloxcross, designed to facilitate faster and more efficient global trade operations. The company expects this to lead to extremely profitable sugar contracts with monthly shipments throughout the year.

JP3E Holdings (OTC: SPZI) reported strong financial results for the nine months ended September 30, 2024. The company achieved its first recorded revenue of $112.2 million, primarily driven by the acquisition of Bloxcross, Inc. Key financial metrics include gross profit of $14.4 million, net income of $6.1 million (improved from a $14,014 loss in Q3 2023), and total assets increase to $43.5 million. The company completed strategic acquisitions including Bloxcross, adding blockchain solutions valued at $25.3 million, and Hamilton Associates, contributing $18.2 million in real estate assets. JP3E also initiated commodity trading operations with its first chicken paw shipment to China.

JP3E Holdings (OTC: SPZI), formerly Spooz, has issued a clarification regarding their October 31, 2024 press release. The company states they have no interest in the transaction with Öztürk Holding. JP3E's involvement is strictly to executing EB-5 funding for Kerogen II. The company also provided contact information for their Global Trade Financing Platform through Bloxcross.

JP3E Holdings (OTC: SPZI) has executed a binding MOU with Kerogen Resources to form Kerogen Resources II, , a subsidiary majority-owned by JP3E. The agreement includes a $330 million cash commitment through a joint venture with Öztürk Holding for Smart Park Development in Clearfield, Pennsylvania. JP3E will receive 50% of sales proceeds upon commencement of drilling, producing, and manufacturing operations. The transaction will be facilitated through JP3E's new trade finance solutions platform developed with Bloxcross, utilizing blockchain technology for efficient global transactions.

JP3E Holdings (OTC: SPZI) has announced a new partnership for sourcing and exporting minerals and precious metals from Africa to global buyers. The company is preparing its first gold shipment to a leading South Korean metals processor as an initial trial. If successful, this will lead to a one-year contract with monthly gold shipments. The partnership leverages Bloxcross' trade finance platform to streamline global transactions and enhance transparency in trade finance. The initiative aims to establish a reliable source of minerals while addressing financial and logistical challenges in the African region.

JP 3E Holdings, Inc. (OTC: SPZI), formerly Spooz, Inc., has announced significant corporate developments aimed at growth and expansion. The company has completed audited financial statements for 2022 and 2023, positioning it to become a fully SEC-reporting entity. Key initiatives include:

1. Steps to uplist to the OTCQB market
2. Filing a Form 10 and initiating 15c2-11 filing
3. Removing the "shell risk" designation
4. Comprehensive rebranding, including name, ticker symbol, and CUSIP number change

JP3E is preparing to release operational updates showcasing its aggressive growth strategy and market expansion efforts. The company focuses on the Eating, Energy, and Education sectors and is committed to transparency and compliance. These strategic steps reflect JP3E's dedication to shareholders and its vision to be a leader in its served markets.

JP 3E Holdings, Inc. (OTC: SPZI) has announced the first shipment of Grade A Chicken Paws to China through its subsidiary, JP Energy Global, PTE, This marks the beginning of a new revenue stream for the company, with the chicken paws sourced from Brazil. The transaction was facilitated by JP 3E's newly launched Trade Finance platform in partnership with Bloxcross, demonstrating the company's innovative approach to global trade.

JP Energy Global is registered with China's General Administration of Customs, ensuring compliance for shipping food products into China. This certification strengthens the company's presence in the Chinese market. The company's leadership sees this as a strategic move that opens up future opportunities in international trade agreements.

The Global Trade Financing Platform, which integrates blockchain and AI technologies, is expected to drive revenue growth for both JP 3E and Bloxcross by increasing efficiency, reducing costs, and improving profit margins.

JP 3E Holdings, Inc. (OTC: SPZI) has completed its second shipment of 1,000 metric tons (MT) of Aluminum Ingot (A7) using the Bloxcross Trade Finance platform. This follows an initial 500MT shipment, bringing the total shipped to 1,500MT. The company is capitalizing on the growing global demand for aluminum. The Bloxcross platform streamlines global trade transactions, making them faster and more efficient. JP 3E anticipates more successful global commodity transactions in the future.

John K. Park, Chairman of JP3E, expressed gratitude for the team's efforts. Diego Baez, CEO of Bloxcross and incoming CEO of JP3E, announced upcoming shipments of other products. The company is leveraging innovative blockchain technology to facilitate seamless global trade.

JP 3E Holdings, Inc. (OTC: SPZI) has announced its first successful shipment of 500 metric tons of Aluminum Ingot (A7) using its new Trade Finance platform in collaboration with Bloxcross. This marks the beginning of a series of monthly shipments, with the first batch scheduled to arrive early next week. The current price of aluminum is approximately $2,528 per metric ton.

This milestone demonstrates JP3E's expanding expertise in commodity trading and establishes a foundation for future opportunities. The company's innovative approach to global trade, enabled by the Trade Finance platform, has resulted in faster closing times and optimized trade financing options. JP3E aims to enhance its presence in the global commodities market through this pivotal contract.