J-Star Holding Announces Pricing of $5.0 Million Initial Public Offering

TAICHUNG CITY, Taiwan, July 29, 2025 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. ("J-Star" or the "Company"), a leading provider of innovative carbon fiber and composite solutions across a wide range of applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services, today announced the pricing of its public offering of an aggregate 1,250,000 ordinary shares of the Company (the "Offering"). The offering is priced at $4.00 per share (the "Offering Price").

In addition, the Company has granted Maxim (as defined below) a 45-day option to purchase up to an additional 187,500 share of its ordinary shares at the initial public offering price (the "Over-allotment").

Assuming that the Over-allotment is not exercised, the gross proceeds to J-Star from the Offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by J-Star, are expected to be approximately $5.0 million.

The shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "YMAT" on July 30, 2025. The Offering is expected to close on July 31, 2025, subject to the satisfaction of customary closing conditions.

Maxim Group LLC ("Maxim") is the sole Book-Running manager for the Offering. Loeb & Loeb LLP is acting as counsel to the Company, and Ellenoff Grossman & Schole LLP is acting as counsel to Maxim for the Offering.

The Offering is being conducted pursuant to the Company's Registration Statement on Form ...