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

TAICHUNG CITY, Taiwan, July 31, 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 closing of its previously announced initial public offering of an aggregate 1,250,000 ordinary shares of the Company (the "Offering") at a price of $4.00 per share (the "Offering Price").

The shares began trading on the Nasdaq Capital Market on July 30, 2025, under the symbol "YMAT." 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 Offering Price (the "Over-allotment"), representing 15% of the ordinary shares sold in the Offering.

The Company received aggregate gross proceeds of US$5.0 million from the Offering, before deducting underwriting discounts and other related expenses.

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

The Offering was conducted pursuant to the Company's Registration Statement on Form F-1 (File No. 333-286805), ...