SplitJul 8, 2026, 06:36 AM
J-Star Holding Announces 1-for-5 Share Consolidation
AI Summary
J-Star Holding Co., Ltd. announced a 1-for-5 share consolidation of its Class A and Class B ordinary shares, effective July 10, 2026. The company's shares will trade under a new CUSIP number, G81237136, on the Nasdaq Capital Market. This action aims to enable J-Star Holding to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing. The consolidation, approved by the board and shareholders, will round up fractional shares and uniformly affect all shareholders' percentage interest.
Key Highlights
- J-Star Holding Co., Ltd. announced a 1-for-5 share consolidation.
- The share consolidation will be effective on July 10, 2026.
- Class A and Class B ordinary shares will trade under a new CUSIP number G81237136.
- The objective is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).
- Every five existing shares will convert into one new share.
- Fractional shares resulting from the consolidation will be rounded up to the next whole number.
- The consolidation was approved by the board on May 8, 2026, and shareholders on June 8, 2026.
Price Impact
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