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Jocom Holdings Corp. (OTC:JOCM) reported Tuesday that it has completed an unregistered sale of equity securities, raising $100,000 through the issuance of 1,000,000 shares of its common stock at $0.10 per share. The transaction was conducted under a subscription agreement with a single purchaser, San Ying Seow.
According to the company’s filing with the Securities and Exchange Commission, the net proceeds from the stock sale will be used as working capital. The shares were issued without registration under the Securities Act of 1933.
Jocom Holdings is incorporated in Nevada and its common stock is traded on the OTC Market – OTC Pink under the symbol JOCM. The company identified itself as an emerging growth company in the filing.
This information is based on a press release statement included in the company’s Form 8-K filed with the SEC.
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