J-Star Holding Announces Closing of Underwriters鈥� Over-Allotment Option in Connection with Initial Public Offering
J-Star Holding (YMAT) has successfully closed its initial public offering (IPO) with the full exercise of the underwriters' over-allotment option. The company sold an additional 187,500 ordinary shares at the IPO price of $4.00 per share.
The Taiwan-based provider of carbon fiber and composite solutions raised total gross proceeds of $5.75 million, which includes the previously announced IPO proceeds of $5 million. Maxim Group LLC served as the sole Book-Running manager for the offering, which was conducted under the company's Registration Statement on Form F-1.
J-Star Holding (YMAT) ha completato con successo la sua offerta pubblica iniziale (IPO) con l'esercizio completo dell'opzione di sovrassegnazione da parte degli underwriter. La societ脿 ha venduto ulteriori 187.500 azioni ordinarie al prezzo IPO di 4,00 $ per azione.
Il fornitore taiwanese di soluzioni in fibra di carbonio e materiali compositi ha raccolto un totale di 5,75 milioni di dollari lordi, inclusi i 5 milioni di dollari precedentemente annunciati come proventi dell'IPO. Maxim Group LLC ha agito come unico Book-Running manager per l'offerta, condotta secondo la Registrazione della societ脿 sul Modulo F-1.
J-Star Holding (YMAT) ha cerrado con 茅xito su oferta p煤blica inicial (OPI) con el ejercicio completo de la opci贸n de sobresuscripci贸n de los suscriptores. La compa帽铆a vendi贸 187,500 acciones ordinarias adicionales al precio de la OPI de
El proveedor taiwan茅s de soluciones de fibra de carbono y compuestos recaud贸 un total de 5.75 millones de d贸lares brutos, que incluye los 5 millones de d贸lares previamente anunciados como ingresos de la OPI. Maxim Group LLC actu贸 como 煤nico gestor principal del libro para la oferta, que se realiz贸 bajo la Declaraci贸n de Registro de la compa帽铆a en el Formulario F-1.
J-Star Holding (YMAT)電� 鞚胳垬鞚鸽摛鞚� 齑堦臣氚办爼鞓奠厴鞚� 鞝勳暋 頄夓偓頃橂┌ 靹标车鞝侅溂搿� 旮办梾瓿店皽(IPO)毳� 毵堧毽枅鞀惦媹雼�. 須岇偓電� IPO 臧�瓴╈澑 欤茧嫻 4.00雼煬鞐� 於旉皜搿� 187,500欤� 氤错喌欤�毳� 韺愲Г頄堨姷雼堧嫟.
雽�毵岇棎 氤胳偓毳� 霊� 韮勳唽靹湢 氚� 氤淀暕鞛� 靻旊（靺� 鞝滉车鞐呾泊電� 旮办〈鞐� 氚滍憸頃� 500毵� 雼煬鞚� IPO 靾橃澋鞚� 韽暔頃� 齑� 575毵� 雼煬鞚� 齑� 靾橃澋鞚� 氇笀頄堨姷雼堧嫟. Maxim Group LLC臧� 雼弲 欤缄皠靷靹� 鞚� 瓿惦毳� 雼措嫻頄堨溂氅�, 須岇偓鞚� F-1 鞏戩嫕 霌彪氇呾劯靹滌棎 霐半澕 歆勴枆霅橃棃鞀惦媹雼�.
J-Star Holding (YMAT) a cl么tur茅 avec succ猫s son introduction en bourse (IPO) gr芒ce 脿 l'exercice complet de l'option de surallocation des souscripteurs. La soci茅t茅 a vendu 187 500 actions ordinaires suppl茅mentaires au prix de l'IPO de 4,00 $ par action.
Le fournisseur ta茂wanais de solutions en fibre de carbone et composites a lev茅 un total de 5,75 millions de dollars bruts, incluant les 5 millions de dollars de produits d'IPO pr茅c茅demment annonc茅s. Maxim Group LLC a agi en tant que gestionnaire principal unique pour cette offre, qui a 茅t茅 r茅alis茅e sous la d茅claration d'enregistrement de la soci茅t茅 sur le formulaire F-1.
J-Star Holding (YMAT) hat seinen B枚rsengang (IPO) erfolgreich mit der vollst盲ndigen Aus眉bung der Mehrzuteilungsoption der Underwriter abgeschlossen. Das Unternehmen verkaufte zus盲tzlich 187.500 Stammaktien zum IPO-Preis von 4,00 $ pro Aktie.
Der in Taiwan ans盲ssige Anbieter von Kohlefaser- und Verbundstoffl枚sungen erzielte insgesamt Bruttoerl枚se von 5,75 Millionen US-Dollar, einschlie脽lich der zuvor angek眉ndigten IPO-Erl枚se von 5 Millionen US-Dollar. Maxim Group LLC fungierte als alleiniger Book-Running-Manager f眉r das Angebot, das unter der Registrierungsmitteilung des Unternehmens im Formular F-1 durchgef眉hrt wurde.
- Full exercise of over-allotment option indicates strong investor demand
- Successfully raised total gross proceeds of $5.75 million
- Diversified product portfolio across multiple high-growth sectors
- Relatively small IPO size may limit institutional investor interest
- Potential share dilution for existing shareholders
Insights
J-Star successfully raised $5.75M in its IPO after underwriters exercised their full over-allotment option, indicating strong initial investor demand.
J-Star Holding has completed its initial public offering process with the full exercise of the underwriters' over-allotment option, raising an additional
The complete exercise of the over-allotment option (commonly known as the "greenshoe") is a positive indicator of investor demand for J-Star's shares. Underwriters typically exercise these options when trading performance is strong following the initial offering, allowing them to stabilize the stock while generating additional capital for the company.
While
The
TAICHUNG CITY, Taiwan, Aug. 07, 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 that it closed the sale of an additional 187,500 ordinary shares of the Company, pursuant to the full exercise of the underwriters鈥� over-allotment option granted in connection with the Company鈥檚 initial public offering (鈥淚PO鈥�, together with such over-allotment closing, the 鈥淥ffering鈥�), at the IPO price of
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 . 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 .
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
FAQ
What was the total amount raised in J-Star Holding's (YMAT) IPO including over-allotment?
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