J-Star Holding Sets $5 Million Price for Public Offering

J-Star Holding Announces Pricing for Public Offering
J-Star Holding Co., Ltd., recognized for its pioneering contributions to carbon fiber and composite solutions, has recently set the offering price for its public offering. The company will offer an aggregate of 1,250,000 ordinary shares at $4.00 each. This exciting opportunity will allow J-Star to invest further into the growth of their innovative products.
Details of the Offering
In addition to the standard offering, J-Star Holding is providing an option for Maxim Group LLC to buy an additional 187,500 shares at the initial price within a 45-day window. Should this option not be utilized, J-Star anticipates that the gross proceeds from this offering will amount to around $5 million before deductions related to underwriting and offering expenses.
Trading Information
The newly issued shares are expected to start trading on the Nasdaq Capital Market under the ticker symbol "YMAT." The anticipated date for trading commencement is imminent, allowing investors a unique chance to engage with the company. J-Star Holding expects to finalize this offering soon after, pending standard closing requirements.
Management and Legal Counsel
Maxim Group LLC is stepping in as the primary manager for this offering, guiding J-Star Holding through this critical financial maneuver. Legal expertise is provided by Loeb & Loeb LLP for the company, while Ellenoff Grossman & Schole LLP is overseeing legal matters for Maxim, ensuring a smooth transaction process.
Company Overview
Founded in 1970, J-Star Holding operates through multiple subsidiaries across regions like Taiwan and Hong Kong, accumulating over five decades of expertise in the composites sector. Specializing in carbon reinforcement and resin systems, J-Star is at the forefront of designing and creating high-performance composite products. Their product range includes structural components for various applications, including electric bicycles, sports equipment, and healthcare items, underscoring their commitment to innovation and quality.
Contact Information
For further inquiries regarding the offering or the company's path ahead, reach out to Matt Chesler, CFA at FNK IR. You can contact him at 646-809-2183 or via email at investor@j-starholding.com.
Frequently Asked Questions
What is J-Star Holding's primary business focus?
J-Star Holding specializes in innovative carbon fiber and composite solutions for various applications, including personal sports equipment and healthcare products.
When is the expected trading date for the new shares?
The shares are anticipated to begin trading shortly, under the ticker symbol "YMAT".
What are the expected proceeds from the offering?
J-Star expects approximately $5 million in gross proceeds before expenses, provided the over-allotment option is not exercised.
Who is managing the public offering?
Maxim Group LLC is the primary manager handling the public offering for J-Star Holding.
How can investors obtain the prospectus for the offering?
Investors can access the prospectus and related documents through the SEC's EDGAR website or by contacting Maxim Group for electronic copies.
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