Corporate ActionJul 8, 2026, 06:02 AM
J-Star Holding Announces 1-for-5 Share Consolidation for Nasdaq Compliance
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. This action is intended to help the company regain compliance with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)) and maintain its listing. Upon effectiveness, every five existing shares will convert into one new share, with fractional shares rounded up. The consolidation was approved by both the board of directors and shareholders.
Key Highlights
- J-Star Holding plans a 1-for-5 share consolidation of Class A and Class B ordinary shares.
- The share consolidation will be effective on July 10, 2026.
- Purpose is to regain compliance with Nasdaq Marketplace Rule 5550(a)(2).
- Class A Ordinary Shares will trade under new CUSIP number G81237136.
- Every five shares will convert into one share, with par value increasing from US$0.50 to US$2.50.
- 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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