J-Star completes over-allotment option for additional $750,000

J-Star Holding Co., Ltd. (NASDAQ: YMAT) closed the sale of an additional 187,500 ordinary shares through the full exercise of underwriters' over-allotment option connected to its initial public offering. The Taiwan-based carbon fiber and composite solutions provider sold the additional shares at $4.00 per share, the same price as its IPO.

The over-allotment exercise generated $750,000 in gross proceeds before underwriting discounts, bringing total gross proceeds from the offering to $5,750,000. This includes the previously announced IPO gross proceeds of $5,000,000, prior to deducting underwriting discounts and commissions.

Maxim Group LLC served as sole book-running manager for the offering. The company's registration statement on Form F-1 was declared effective by the Securities and Exchange Commission on July 29, 2025.

J-Star operates through subsidiaries in Taiwan, Hong Kong, and Samoa, with headquarters in Taiwan. The company's predecessor group was established in 1970 and develops carbon reinforcement and resin systems technology. Its products include components for electric bicycles, sports bicycles, rackets, automobile parts, and healthcare products.

The information is based on a company press release statement.

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