Core Viewpoint - J-Star Holding Co., Ltd. announced the results of its 2025 general meeting of shareholders, where significant proposals were approved, including a reclassification of shares and an increase in authorized share capital [1][2]. Group 1: Shareholder Meeting Outcomes - Shareholders approved the filing of the Fifth Restated M&A with the Registrar of Companies of the Cayman Islands, expected to occur on December 10, 2025, with trading of re-classified Class A Ordinary Shares anticipated to begin on or around December 11, 2025 [2]. - The Company will undergo a Share Capital Reorganisation, which includes re-designating 17,200,387 issued ordinary shares as Class A Ordinary Shares and creating 6,097,183 Class B Ordinary Shares, each entitled to ten votes [5]. Group 2: Share Capital Changes - The authorized share capital will increase from US$17,500,000 to US$65,000,000, with the creation of additional Class A and Class B Ordinary Shares [5]. - The Company plans to repurchase a total of 6,097,183 Class A Ordinary Shares from specific shareholders and issue an equivalent number of Class B Ordinary Shares [5]. Group 3: Company Overview - J-Star Holding Co., Ltd. is a leading provider of carbon fiber and composite solutions, with over 50 years of experience in the material composites industry, focusing on various applications including sports equipment, healthcare products, and automobile parts [3].
J-Star Announces Approval of Dual Class Share Structure by Shareholders