1. J-Star received a Nasdaq noncompliance letter regarding minimum bid price. 2. The company has 180 days to regain compliance with Nasdaq listing requirements. 3. If compliance isn't achieved, J-Star may face delisting or a reverse stock split. 4. Shares continue to trade under 'YMAT' despite noncompliance notification. 5. J-Star is evaluating strategies to meet Nasdaq's continued listing standards.
FAQ
Why Bearish?
The noncompliance notice often leads to investor concern, jeopardizing stock value. Historical precedents show similar situations resulted in price declines.
How important is it?
The noncompliance status directly affects investor perception and potential stock price performance.
Why Short Term?
Compliance deadline creates urgency; immediate stock performance may be impacted, particularly if no recovery steps are seen.
Related Companies
J-Star Holding Co., Ltd. Receives Nasdaq Noncompliance Notification
TAICHUNG CITY, Taiwan, Dec. 16, 2025 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT), a prominent provider of carbon fiber and composite solutions, has announced that it received a notification from The Nasdaq Stock Market LLC regarding a noncompliance issue under Nasdaq Listing Rules. The letter, dated December 12, 2025, indicates that the Company has not met the minimum bid price requirement of $1 per share for its Class A ordinary shares, based on its closing bid price over the last 30 consecutive business days.
Compliance Period Granted
J-Star is now in a compliance period of 180 calendar days, as stipulated by Nasdaq Listing Rule 5810(c)(3)(A). During this timeframe, the Company must increase its closing bid price to $1 for at least ten consecutive business days. If successful, Nasdaq will provide written confirmation of compliance, closing the matter at hand.
Potential for Extended Compliance Time
If J-Star fails to regain compliance within the initial 180-day period, it may be eligible for an extension. To qualify, the Company must meet additional continued listing requirements for market value of publicly held shares and all other initial listing standards, barring the bid price condition. This may include actions such as executing a reverse stock split. If approved, Nasdaq could grant another 180-day compliance period. However, if Nasdaq assesses that J-Star cannot rectify the deficiency, it may issue a notification for potential delisting.
Trading Status and Future Outlook
The notification letter does not immediately affect the trading status of J-Star's shares, which will continue to trade uninterrupted under the symbol YMAT. The Company is currently evaluating options to ensure compliance with Nasdaq’s requirements. While J-Star intends to take all reasonable steps to meet the compliance with Rule 5550(a)(2), it cannot guarantee a return to compliance or adherence to other Nasdaq continued listing requirements.
About J-Star Holding Co., Ltd.
Founded in 1970, J-Star (NASDAQ: YMAT) operates through subsidiaries in Taiwan, Hong Kong, and Samoa, with its headquarters in Taiwan. The Company has over 50 years of expertise in the material composites industry, focusing on the development and commercialization of carbon reinforcement and resin technologies. J-Star manufactures a variety of lightweight, high-performance carbon composite products used in electric bicycles, sports equipment, automotive parts, and healthcare products. For more information, visit j-starholding.com and ymaunivers.com.
Forward-Looking Statements
This press release includes statements related to J-Star's future plans and market expectations. These statements, known as “forward-looking statements,” may involve various uncertainties and risks, as outlined in the risk factors section of the final prospectus filed with the SEC. Investors are advised not to place undue reliance on any forward-looking statements, which are subject to change, and J-Star specifically disclaims any obligation to update such statements unless legally required.
Contact Information
For further information, please contact:
- Matt Chesler, CFA
- FNK IR
- Phone: 646-809-2183
- Email: investor@j-starholding.com