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JP 3E Holdings, Inc. (OTC: SPZI), formerly Spooz, Inc., has completed its 100% acquisition of MetaRock, Inc. as a wholly-owned subsidiary. The company will trade under SPZID for 20 business days before transitioning to the new ticker JPTE with CUSIP number 84915Q209. The company is reducing its authorized shares to 1.2 billion.
MetaRock brings the world's first decentralized metaverse technology and relationships with over 30 multinational companies. The acquisition provides JP3E with a patented trade platform featuring six revenue models: Cube Name Service (CNS), Advertising, Subscription, Development, Kiosk Sales, and Game Operating. MetaRock's portfolio includes nine patents focused on blockchain-based smart contract technology.
As part of the acquisition, MetaRock's CEO and Chairman Jong-woo Kim will become President of JP3E, while John K. Park continues as CEO. The company aims to leverage this acquisition to facilitate pending commodity transactions in gold, copper, sugar, chicken paws, and aluminum, with the ultimate goal of uplisting to NASDAQ.
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