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Jocom Holdings Corp. (OTC:JOCM) reported Monday that it issued 1,000,000 shares of its common stock in a private, unregistered sale to an individual investor. According to a press release statement and a filing with the Securities and Exchange Commission, the shares were sold at $0.10 each to San Ying Seow under a subscription agreement dated June 26, 2025.
The transaction generated $100,000 in proceeds, which the company stated would be used as working capital. The shares issued carry a par value of $0.0001 per share and were not registered under the Securities Act of 1933.
Jocom Holdings is incorporated in Nevada and its common stock trades on the OTC Market – OTC Pink under the symbol JOCM. The company identified itself as an emerging growth company in the filing.
No additional financial statements or details regarding the use of proceeds beyond working capital were disclosed in the filing. The sale was completed through a direct agreement between the company and the investor, with no mention of underwriters or placement agents.
This information is based on a press release statement and the company’s Form 8-K filing with the SEC.
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