JP3E Holdings Announces $19.21 Million Common Stock Warrant Program
Newly appointed Board members Henry Ji and Stephen Ma join Chairman and CEO John K. Park in long-term equity alignment
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HAMILTON, N.J., Oct. 08, 2026 (GLOBE NEWSWIRE) — JP3E Holdings Inc., formerly Spooz, Inc. (OTC: JPTE), announced common stock purchase warrants representing an aggregate exercise value of approximately $19.21 million at an exercise price of $0.0098 per share.
The warrants cover a total of 1,960,064,028 shares of JP3E Holdings common stock and were issued to Chairman and CEO John K. Park and Board members Dr. Henry Ji and Stephen Ma, strengthening long-term alignment between the Company’s leadership and shareholders.
-John K. Park, Chairman & CEO: 980,032,014 shares, with an aggregate exercise price of approximately $9.60 million, representing an intended 35% commercial allocation based on the agreed capitalization snapshot.
– Dr. Henry Ji, newly appointed Board Director: 490,016,007 shares, with an aggregate exercise price of approximately $4.80 million, representing an intended 17.5% commercial allocation.
– Stephen Ma, Board Director: 490,016,007 shares, with an aggregate exercise price of approximately $4.80 million, representing an intended 17.5% commercial allocation.
The warrants are fully vested and immediately exercisable.
JP3E Holdings believes the warrant program strengthens the long-term alignment of its leadership team as the Company advances its growth, investment and capital-markets strategy.
The stated percentage allocations are based on an agreed capitalization snapshot and are not continuing ownership-percentage guarantees following future financings or other issuances.
About JP3E Holdings Inc.
JP3E Holdings Inc. is focused on strategic investments, technology platforms, infrastructure initiatives and global commercial opportunities designed to create long-term shareholder value.
For additional information, visit www.jp3e.com.
Forward-Looking Statements:
This press release may contain forward-looking statements regarding the Company’s strategy, capitalization, and future business activities. Actual results may differ materially due to risks and uncertainties. The Company undertakes no obligation to update forward-looking statements except as required by applicable law.
Media / Investor Contact:
JP3E Holdings Inc.
1300 Kuser Road, 1st Floor
Hamilton, NJ 08619
www.jp3e.com
email: info@jp3e.com
