J-Star Holding Stock Price, News & Analysis

J-Star (Nasdaq: YMAT) reported unaudited results for the six months ended June 30, 2025. Revenue rose 30.7% to $10.6 million versus $8.1 million in 1H 2024, driven by strong growth in rackets and technical services. Gross margin fell to 26.9% from 30.2% as the company shifted business models in rackets. Operating income was $154,000 and profit after tax was $5,000. Operating expenses increased 47.6% on IPO-related and R&D costs. J-Star completed a $5.0 million IPO in July 2025 and reported cash and cash equivalents of $909,995 as of June 30, 2025.

The company highlighted product launches (company-owned pickleball brand, two paddles named Horizon and Supernova), a new premium components brand QO Bikes, and plans to build U.S. manufacturing capacity in Texas.

J-Star (Nasdaq: YMAT) received a Nasdaq notice dated December 12, 2025 saying its 30-day closing bid price failed to meet the $1 minimum required by Nasdaq Listing Rule 5550(a)(2). The notice gives J-Star a 180-calendar-day compliance period to regain a $1 closing bid for at least ten consecutive business days.

If J-Star fails to cure within 180 days, it may be eligible for an additional 180-day period by meeting market value and other initial listing standards (except bid price) and notifying Nasdaq of intent to cure, potentially via a reverse stock split. The letter is not an immediate delisting and shares will continue trading under YMAT. J-Star said it is evaluating options to regain compliance but gave no assurance of success.

J-Star (Nasdaq: YMAT) announced shareholder approval of a dual-class share structure on December 9, 2025, effective after a share capital reorganisation. The company will reclassify 17,200,387 issued ordinary shares as Class A and create 6,097,183 Class B shares, each Class B carrying 10 votes.

Authorized capital will increase from US$17,500,000 to US$65,000,000. J-Star will repurchase 4,888,092 Class A shares from New Moon Corporation and 1,209,091 Class A shares from Mr. Jing-Bin Chiang, then issue equivalent Class B shares to those holders. Filing with the Cayman Registrar is planned for December 10, 2025, and Nasdaq trading of reclassified Class A shares is expected on or around December 11, 2025.

J-Star Holding (Nasdaq: YMAT) will hold its 2025 annual general meeting on December 9, 2025 at 10:30 p.m. Taiwan time in Taichung City.

Shareholders will vote on a Share Capital Reorganisation reclassifying 17,200,387 issued ordinary shares as Class A, creating 6,097,183 Class B shares (each with 10 votes), an Increase of Authorized Share Capital from US$17,500,000 to US$65,000,000, adoption of a Fifth Amended and Restated M&A, and a proposal to repurchase 6,097,183 Class A shares and issue them as Class B to New Moon Corporation and Mr. Jing-Bin Chiang.

The Board recommends shareholders vote FOR all items; record date is Nov 3, 2025 (ET).

J-Star (Nasdaq: YMAT) announced on Nov 3, 2025 that its second proprietary pickleball paddle, Supernova, received official approval from the USA Pickleball Association (USAPA) for sanctioned play.

Supernova is a long-body paddle designed for competitive players seeking enhanced reach, power, and precision and is offered in three colors: green, red, and pink. This is the second in-house paddle from J-Star's YMA subsidiary to earn USAPA certification, supporting the company's direct-to-consumer strategy and focus on advanced carbon fiber composite applications.

J-Star also participated in the Vietnam Upgrade Conference and presented a limited-edition gold "Standard Paddle" as part of its interest in Vietnam as a strategic manufacturing and market opportunity.

J-Star (Nasdaq: YMAT) welcomed a Memorandum of Understanding between Nasdaq and Ho Chi Minh City dated October 20, 2025 to jointly develop a Vietnam International Financial Center (IFC) in Ho Chi Minh City.

J-Star said the MoU aligns with its regional growth plans, citing expected acceleration of capital flows, technology transfer, and investment that could support its R&D, production, and partnerships in advanced carbon fiber composites. The company highlighted Vietnam's infrastructure modernization and rising demand for lightweight composite sports equipment, noting growing pickleball adoption and J-Star's Horizon paddle launch through its YMA subsidiary.

J-Star (Nasdaq: YMAT) announced its first in-house pickleball paddle, Horizon, received official approval from USA Pickleball (USAPA) for sanctioned play on Oct 6, 2025. The Horizon paddle is now listed among USAPA-certified paddles and will be sold under J-Star’s YMA brand as the company’s entry into the direct-to-consumer pickleball market.

The paddle uses Japanese carbon fiber, thermoformed foam walls, a soft honeycomb core, an edgeless hitting surface and a Kevlar edge guard. J-Star cites manufacturing experience of more than 45 million racquets. The release references SFIA 2024 data showing 19.8 million US pickleball players (a 46% increase year-over-year).

J-Star Holding (Nasdaq: YMAT), a leading carbon fiber and composite solutions provider, has appointed Sam Van as its new Chief Executive Officer, effective October 1, 2025. Van succeeds Jonathan Chiang, who will continue as Chairman of the Board. The leadership transition comes at a strategic time following the company's recent IPO.

Van brings extensive capital markets expertise, having helped over 70 companies complete IPOs on NYSE and Nasdaq. He previously served as CEO of SRO Partners and held senior positions at Freedom U.S. Markets, NYSE, and FINRA. The company is currently expanding its operations with a new manufacturing facility in Taiwan and planning expansion into the United States with a production line, R&D center, and office.

J-Star Holding (YMAT) has announced the launch of QO Bikes, a premium cycling components brand co-founded by its YMA subsidiary with industry veterans Pablo Carrasco and Ignacio Estellés. The brand's initial product lineup features three carbon fiber crankset models designed for road, gravel, and mountain bikes.

QO has already established distribution partnerships across Europe, Asia, and Latin America, with plans to expand into the U.S. market. The brand name derives from 'Quo Vadis,' meaning 'Where are you going?' in Latin, reflecting the company's forward-looking approach to cycling innovation.