Core Viewpoint - J-Star Holding Co., Ltd. has received a notification from Nasdaq regarding noncompliance with the minimum bid price requirement, as its closing bid price has been below $1 per share for the last 30 consecutive business days [1][4] Compliance Period - The company has a compliance period of 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement [2] - If the closing bid price reaches at least $1 for a minimum of ten consecutive business days during this period, Nasdaq will confirm compliance [2] Additional Compliance Options - If J-Star does not regain compliance within the initial 180 days, it may be eligible for an additional compliance period, provided it meets other listing requirements [3] - The company may need to consider a reverse stock split to cure the deficiency if necessary [3] Current Trading Status - The notification does not result in immediate delisting, and J-Star's Class A ordinary shares will continue to trade under the symbol "YMAT" [4] - The company is actively evaluating options to regain compliance and intends to meet Nasdaq's continued listing requirements [4] Company Overview - J-Star Holding Co., Ltd. is a leading provider of carbon fiber and composite solutions, with operations in Taiwan, Hong Kong, and Samoa [5] - The company has over 50 years of experience in the material composites industry, focusing on lightweight, high-performance carbon composite products [5]
J-Star Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency