In last trading session, the stock price of JNS HLDGS CORP (OTCMKTS:JNSH) gained more than 38% to close the day at $0.00640. The gains came at a share volume of 12.04 million compared to average share volume of 9.14 million.


The update

Back in February, JNS Holdings reported that it has accepted a revision to its Certificate of Incorporation to increase the count of authorized shares of its common stock from 200 million to 300 million. The company highlighted that the revision in authorized shares count is intended to restore their flexibility to position company for future growth.

They have and always will function in an exceptionally conservative manner and are of view that it is wise to increase the authorized count of common stock to fulfill business needs, like upgrading owned and managed EV charging network and/or equity offering, quickly as they come. Brian Howe, the President and CEO, said that they expect the increase of authorized common shares count will make JNSH stock more available for investors, improved liquidity for shareholders, and also enhanced growth.

The highlights

Prior to increase in authorized shares new, JNS Holdings reported that it continues to see remarkable growth in the usage of EV charging network. Evolve USA Charging, Inc., which is one of the leading independent owner, provider and operator of electric vehicle charging stations, residential and commercial sales, consulting and installations services in the Chicago, updated in the progress.

For the last one year, the company’s network total system charging output came at 56,654 kWh. Average level two charging session extended for 2 hours 31 minutes while number of users jumped 86% from 180 users to 334 users. Monthly kWh usage increased by 82% in the reported period whereas number of sessions came at 911, up 109% from 436 sessions in the first month of the period.