TAICHUNG CITY, Taiwan, Jan. 06, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), a leading provider of innovative carbon fiber and composite solutions serving diverse applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services, today announced a strategic plan to substantially exit its China operations and reallocate resources toward expansion in the United States, automation-driven ...

Core Insights - J-Star Holding Co., Ltd. reported strong financial results for the first half of 2025, with revenue growth of over 30% driven by significant increases in rackets and technical services [3][4] - The company is transitioning from a traditional OEM model to a solutions provider, focusing on high-growth markets such as rackets and direct-to-consumer strategies [3][4] Financial Performance - Total revenue for 1H 2025 was $10.6 million, a 30.7% increase from $8.1 million in 1H 2024 [4][6] - Gross profit was $2.8 million, resulting in a gross margin of 26.9%, down from 30.2% in 1H 2024, primarily due to changes in the business model [5][6] - Operating expenses rose by 47.6% to $2.7 million, influenced by higher administrative and R&D costs [6][7] - The company achieved a net operating profit of $154,000, a decrease of 75.3% compared to $623,000 in 1H 2024, and a profit after income tax of $5,000, down from $479,000 [6][7] Strategic Developments - J-Star is preparing to launch a line of in-house pickleball paddles as part of its direct-to-consumer strategy, targeting the rapidly growing pickleball market [3][4] - The company has partnered with cycling industry veterans to establish a new premium carbon fiber components brand, QO Bikes, and is encouraged by initial market responses [3][4] - Plans are in place to establish U.S.-based manufacturing capabilities to enhance inventory management and reduce costs, particularly for the pickleball market [3][4] Cash Position - As of June 30, 2025, cash and cash equivalents stood at $909,995, an increase from $649,106 at the end of 2024 [8]

TAICHUNG CITY, Taiwan, Dec. 16, 2025 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“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 it has received a letter of noncompliance from The Nasdaq Stock Market LLC ("Nasdaq"), dated December 12, 2025, notifying the Company ...

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].

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 [2]. - The re-classified Class A Ordinary Shares are anticipated to commence trading on Nasdaq around December 11, 2025 [2]. Group 2: Share Capital Reorganization - The Company will re-designate and re-classify 17,200,387 issued ordinary shares as Class A Ordinary Shares, maintaining existing rights [5]. - 11,702,430 authorized but unissued Ordinary Shares will also be re-designated as Class A Ordinary Shares [5]. - The Company will cancel 6,097,183 authorized but unissued Ordinary Shares and create an equal number of Class B Ordinary Shares, each entitled to ten votes [5]. - Following the reorganization, 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]. Group 3: Adoption of New Governance Documents - The Fifth Amended and Restated Memorandum and Articles of Association will be adopted immediately after the Share Capital Reorganization and Increase of Authorized Share Capital [5]. Group 4: Share Repurchase and Issuance - The Company plans to repurchase 4,888,092 Class A Ordinary Shares from New Moon Corporation and 1,209,091 Class A Ordinary Shares from Mr. Jing-Bin Chiang, issuing an equivalent number of Class B Ordinary Shares to both parties [5].

Core Viewpoint - J-Star Holding Co., Ltd. will hold its 2025 annual general meeting of shareholders on December 9, 2025, to discuss various business items including share capital reorganization and amendments to the company's articles of association [1][2]. Group 1: Meeting Details - The AGM is scheduled for December 9, 2025, at 10:30 p.m. Taiwan time at the J-Star offices in Taichung City, Taiwan [1]. - Shareholders of record as of November 3, 2025, are invited to attend the meeting in person, with provisions for those unable to attend to ensure representation [3]. Group 2: Business Items for Consideration - The Board of Directors recommends shareholders vote FOR the proposed items, which include a share capital reorganization involving the re-designation of existing shares and the creation of new Class A and Class B Ordinary Shares [5]. - The authorized share capital will be increased from US$17,500,000 to US$65,000,000, creating additional Class A and Class B Ordinary Shares [5]. - A special resolution will be proposed to adopt the Fifth Amended and Restated Memorandum and Articles of Association of the Company [5]. - The company plans to repurchase shares from New Moon Corporation and Mr. Jing-Bin Chiang, issuing Class B Ordinary Shares in exchange [5]. - The chairman will be authorized to adjourn the meeting if there are insufficient votes to approve the proposed items [5]. Group 3: Company Background - 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 [5][6]. - The company operates through subsidiaries in Taiwan, Hong Kong, and Samoa, focusing on lightweight, high-performance carbon composite products for various applications [6].

Core Insights - J-Star Holding Co., Ltd. has appointed Sam Van as the new CEO, effective October 1, succeeding Jonathan Chiang, who will remain as Chairman of the Board [1][4] - The company is at a critical juncture following its recent IPO, with plans to optimize its manufacturing facility in Taiwan and expand into the U.S. market [2][5] - Under Mr. Van's leadership, J-Star aims to accelerate growth through both organic means and strategic mergers and acquisitions [2] Company Overview - J-Star is a leading provider of carbon fiber and composite solutions, serving various sectors including sports equipment, healthcare, and automotive parts [1][5] - The company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [5] Leadership Background - Sam Van has extensive experience in capital markets and has assisted over 70 companies with IPOs, including listings on major exchanges [3] - His previous roles include CEO of SRO Partners and senior positions at the New York Stock Exchange and FINRA [3] Strategic Vision - The new CEO emphasizes the importance of innovation and engineering excellence, aiming to enhance J-Star's global presence and create long-term shareholder value [4] - The company is launching its own brands of sporting goods and electric bicycles as part of its growth strategy [2]

Core Viewpoint - J-Star Holding Co., Ltd. successfully completed the sale of an additional 187,500 ordinary shares at the IPO price of $4.00 per share, raising a total of $5,750,000 in gross proceeds from the Offering [1]. Group 1: Offering Details - The Offering included the full exercise of the underwriters' over-allotment option and was part of the Company's initial public offering [1]. - The total gross proceeds from the IPO were previously announced as $5,000,000, prior to deducting underwriting discounts and commissions [1]. - Maxim Group LLC acted as the sole Book-Running manager for the Offering [2]. Group 2: Company Background - J-Star is a leading provider of carbon fiber and composite solutions, with applications in personal sports equipment, healthcare products, automobile parts, and more [1]. - The Company has over 50 years of experience in the material composites industry and operates through subsidiaries in Taiwan, Hong Kong, and Samoa [5]. - J-Star specializes in developing and commercializing technology related to carbon reinforcement and resin systems, producing lightweight, high-performance carbon composite products [5].

Core Viewpoint - J-Star Holding Co., Ltd. successfully completed the sale of an additional 187,500 ordinary shares at the IPO price of $4.00 per share, raising a total of $5,750,000, which includes previously announced IPO gross proceeds of $5,000,000 [1] Group 1: Company Overview - J-Star is a leading provider of innovative carbon fiber and composite solutions, serving various applications such as personal sports equipment, healthcare products, automobile parts, and resin systems [1] - The company has over 50 years of experience in the material composites industry, with operations in Taiwan, Hong Kong, and Samoa [5] - J-Star specializes in developing and commercializing technology related to carbon reinforcement and resin systems, producing lightweight, high-performance carbon composite products [5] Group 2: Offering Details - The Offering was conducted under the Company's Registration Statement on Form F-1, which was declared effective by the SEC on July 29, 2025 [3] - Maxim Group LLC acted as the sole Book-Running manager for the Offering, with legal counsel provided by Loeb & Loeb LLP and Ellenoff Grossman & Schole LLP [2]

Company Overview - J-Star Holding Co., Ltd. is a leading provider of innovative carbon fiber and composite solutions across various applications including personal sports equipment, healthcare products, automobile parts, resin systems, and research and development services [1][6] - The company has over 50 years of experience in the material composites industry, with operations in Taiwan, Hong Kong, and Samoa [6] Initial Public Offering (IPO) Details - J-Star announced the closing of its initial public offering of 1,250,000 ordinary shares at a price of $4.00 per share, resulting in gross proceeds of $5.0 million before expenses [1][2] - The shares began trading on the Nasdaq Capital Market under the symbol "YMAT" on July 30, 2025 [2] - Maxim Group LLC acted as the sole Book-Running manager for the offering and has been granted a 45-day option to purchase an additional 187,500 shares at the offering price [2][3] Regulatory Information - The offering was conducted under the Company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on July 29, 2025 [4]