J-Star Holding Announces Closing of $5.0 Million Initial Public Offering
J-Star Holding (NASDAQ:YMAT), a Taiwan-based provider of carbon fiber and composite solutions, has successfully completed its Initial Public Offering (IPO) on the Nasdaq Capital Market. The company raised $5.0 million by offering 1,250,000 ordinary shares at $4.00 per share.
Trading commenced on July 30, 2025, under the symbol "YMAT". Maxim Group LLC served as the sole book-running manager and has a 45-day option to purchase up to 187,500 additional shares. The company specializes in products ranging from sports equipment to healthcare products, automobile parts, and R&D services.
J-Star Holding (NASDAQ:YMAT), un fornitore taiwanese di soluzioni in fibra di carbonio e materiali compositi, ha completato con successo la sua Offerta Pubblica Iniziale (IPO) sul Nasdaq Capital Market. L'azienda ha raccolto 5,0 milioni di dollari offrendo 1.250.000 azioni ordinarie al prezzo di 4,00 dollari per azione.
Le negoziazioni sono iniziate il 30 luglio 2025 con il simbolo "YMAT". Maxim Group LLC ha agito come unico gestore del libro ordini e dispone di un'opzione di 45 giorni per acquistare fino a 187.500 azioni aggiuntive. L'azienda 猫 specializzata in prodotti che spaziano dall'attrezzatura sportiva ai prodotti per la salute, componenti automobilistici e servizi di ricerca e sviluppo.
J-Star Holding (NASDAQ:YMAT), un proveedor taiwan茅s de soluciones de fibra de carbono y compuestos, ha completado con 茅xito su Oferta P煤blica Inicial (OPI) en el Nasdaq Capital Market. La compa帽铆a recaud贸 5,0 millones de d贸lares ofreciendo 1.250.000 acciones ordinarias a 4,00 d贸lares por acci贸n.
La negociaci贸n comenz贸 el 30 de julio de 2025 bajo el s铆mbolo "YMAT". Maxim Group LLC actu贸 como 煤nico administrador del libro de 贸rdenes y tiene una opci贸n de 45 d铆as para comprar hasta 187.500 acciones adicionales. La empresa se especializa en productos que van desde equipos deportivos hasta productos de salud, piezas automotrices y servicios de I+D.
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J-Star Holding (NASDAQ:YMAT), un fournisseur ta茂wanais de solutions en fibre de carbone et composites, a r茅ussi son offre publique initiale (IPO) sur le Nasdaq Capital Market. La soci茅t茅 a lev茅 5,0 millions de dollars en proposant 1 250 000 actions ordinaires au prix de 4,00 dollars par action.
Les 茅changes ont d茅but茅 le 30 juillet 2025 sous le symbole "YMAT". Maxim Group LLC a agi en tant que gestionnaire unique du livre d鈥檕rdres et dispose d鈥檜ne option de 45 jours pour acheter jusqu鈥櫭� 187 500 actions suppl茅mentaires. La soci茅t茅 est sp茅cialis茅e dans des produits allant des 茅quipements sportifs aux produits de sant茅, en passant par les pi猫ces automobiles et les services de recherche et d茅veloppement.
J-Star Holding (NASDAQ:YMAT), ein in Taiwan ans盲ssiger Anbieter von Kohlefaser- und Verbundwerkstoffl枚sungen, hat erfolgreich seinen B枚rsengang (IPO) am Nasdaq Capital Market abgeschlossen. Das Unternehmen hat durch das Angebot von 1.250.000 Stammaktien zu je 4,00 USD insgesamt 5,0 Millionen USD eingenommen.
Der Handel begann am 30. Juli 2025 unter dem Symbol "YMAT". Die Maxim Group LLC fungierte als alleiniger Bookrunner und hat eine 45-t盲gige Option, bis zu 187.500 zus盲tzliche Aktien zu erwerben. Das Unternehmen ist spezialisiert auf Produkte von Sportger盲ten 眉ber Gesundheitsprodukte bis hin zu Autoteilen und Forschungs- und Entwicklungsdienstleistungen.
- None.
- Relatively small IPO size of $5.0 million may limit growth initiatives
- Underwriting discounts and expenses will reduce net proceeds
- Potential dilution if over-allotment option is exercised
Insights
J-Star completed a small $5M IPO on Nasdaq at $4/share, marking its transition to public markets with potential growth opportunities.
J-Star Holding's $5 million IPO represents a modest market entry with 1,250,000 ordinary shares priced at $4.00 per share. The Taiwan-based composite materials manufacturer began trading on the Nasdaq Capital Market under ticker YMAT on July 30, 2025.
This offering size positions J-Star as a micro-cap public company, substantially smaller than typical Nasdaq IPOs which averaged around $100 million in recent years. The company has granted its underwriter, Maxim Group, a 45-day option to purchase up to 187,500 additional shares (15% of the initial offering).
The IPO provides J-Star with working capital to potentially expand its diverse product portfolio spanning sports equipment, healthcare products, automobile components, resin systems, and R&D services. However, after accounting for underwriting discounts and offering expenses, the net proceeds will be substantially lower than the $5 million gross figure.
For context, this capital raise is relatively small for a manufacturing company with diverse product lines, suggesting either a focused growth strategy or potential limitations in scaling operations. Investors should note that micro-cap IPOs typically face greater volatility and liquidity challenges compared to larger offerings. The company's ability to effectively deploy this capital across its varied business segments will be crucial for post-IPO performance.
TAICHUNG CITY, Taiwan, July 31, 2025 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (鈥淛-Star鈥� or the 鈥淐ompany鈥�), 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 鈥淥ffering鈥�) at a price of
The shares began trading on the Nasdaq Capital Market on July 30, 2025, under the symbol "YMAT.鈥� 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 鈥淥ver-allotment鈥�), representing
The Company received aggregate gross proceeds of US
Maxim Group LLC (鈥淢axim鈥�) 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鈥檚 Registration Statement on Form F-1 (File No. 333-286805), as amended, which was declared effective by the U.S. Securities and Exchange Commission (鈥淪EC鈥�) on July 29, 2025. You should read the final prospectus and other documents the Company has filed with the SEC for more information about the Company and the Offering. You may get these documents for free by visiting the SEC鈥檚 website at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, by phone at +1 (212) 895-3500, or by email at [email protected].
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About J-Star Holding Co., Ltd.
J-Star (NASDAQ: YMAT) is a holding company with operations conducted through subsidiaries in Taiwan, Hong Kong, and Samoa with its headquarters in Taiwan. J-Star鈥檚 predecessor group was established in 1970, and has accumulated over 50 years of know-how in material composites industry. J-Star develops and commercializes the technology on carbon reinforcement and resin systems. With decades of experience and knowledge in composites and materials, J-Star is able to apply its expertise and technology to design and manufacture a great variety of lightweight, high-performance carbon composite products, ranging from key structural parts of electric bicycles and sports bicycles, rackets, automobile parts to healthcare products.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渃ontinue,鈥� 鈥渃ould,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥渟hould,鈥� 鈥渢arget,鈥� 鈥渨ill,鈥� 鈥渨ould鈥� and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors discussed in the 鈥淩isk Factors鈥� section of the final prospectus filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and J-Star specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contact:
Matt Chesler, CFA
FNK IR
646-809-2183
[email protected]
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