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J-Star Holding Announces Closing of Underwriters' Over-Allotment Option in Connection with Initial Public Offering

TAICHUNG CITY, Taiwan, Aug. 07, 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 that it closed the sale of an additional 187,500 ordinary shares of the Company, pursuant to the full exercise of the underwriters' over-allotment option granted in connection with the Company's initial public offering ("IPO", together with such over-allotment closing, the "Offering"), at the IPO price of $4.00 per share, less underwriting discounts. As a result, the Company has raised aggregate gross proceeds of $5,750,000, including the previously announced IPO gross proceeds of $5,000,000, prior to deducting underwriting discounts and commissions and offering expenses payable by the Company.

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), as amended, which was declared effective by the U.S. Securities and Exchange Commission ("SEC") on July ...