IPO - J-Star Holding Co., Ltd.

Form Type: F-1/A

Filing Date: 2025-05-16

Corporate Action: Ipo

Type: New

Accession Number: 000164117225011149

Filing Summary: J-Star Holding Co., Ltd. is conducting an initial public offering (IPO) of 1,250,000 ordinary shares at an expected price range of $4.00 to $5.00 per share. The company is incorporated in the Cayman Islands and operates primarily through subsidiaries in Taiwan, Hong Kong, and Samoa. The shares are intended to be listed on the Nasdaq Capital Market under the symbol 'YMAT'. The prospectus outlines potential risks associated with operating under Chinese government oversight, including regulatory changes that may impact the company's business operations and its ability to accept foreign investments or maintain its listing on foreign exchanges. The registration statement is filed as a preliminary prospectus and indicates that the offering is contingent upon successful listing on the Nasdaq.

Form Type: F-1/A

Filing Date: 2025-03-12

Corporate Action: Ipo

Type: New

Accession Number: 000149315225009963

Filing Summary: J-Star Holding Co., Ltd. is conducting its initial public offering (IPO) of 1,250,000 ordinary shares, with an expected price range of $4.00 to $5.00 per share. The company, incorporated in the Cayman Islands, will list its shares on the Nasdaq under the symbol 'YMAT'. As of the date of this prospectus, no public market for its shares exists, and the offering is being made on a firm commitment basis. The company intends to utilize the funds raised for business operations and future expansion. There are significant regulatory risks associated with its operations in China, as previous equity interests were disposed of, and the company confirms that its remaining PRC subsidiaries are non-operating. Additionally, ongoing regulatory scrutiny may impact its ability to list on U.S. exchanges. The prospectus outlines considerable risks including those associated with conducting operations in China and Taiwan, and the unpredictability of future regulatory environments affecting capital raising and operational capabilities. As an emerging growth company, J-Star will benefit from reduced reporting requirements. Investors are advised to be cautious, given the speculative nature of the offering and the potential for significant risk.