STOCK TITAN

J-Star Holding Gets Option to Sell Up to $35M in Shares

Each Put Notice is capped at the lesser of $2.5 million or 200% of Average Daily Trading Value.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
6-K

Rhea-AI Filing Summary

J-Star Holding Co., Ltd. (YMAT) entered into an equity purchase agreement with Hudson Global Ventures, LLC, giving J-Star the right, but not the obligation, to sell up to $35,000,000 of Class A ordinary shares over 36 months from September 24, 2026. Each Put Notice may cover at least $25,000 worth of shares, calculated using the Initial Purchase Price, and at most the lesser of $2,500,000 on that same basis or 200% of Average Daily Trading Value.

The Initial Purchase Price is 95% of the average of the three lowest traded prices of the ordinary shares during the five trading days before each Put Date. J-Star also issued warrants to purchase up to an aggregate of 525,000 ordinary shares as consideration for the investor’s commitment. Under a separate registration rights agreement, J-Star agreed to file a registration statement covering resale of shares issuable under the purchase agreement and shares underlying the warrants.

Maximum share sales under agreement $35,000,000 Company may sell shares during the 36-month Commitment Period
Commitment Period 36 months Period beginning on September 24, 2026
Minimum amount per Put Notice $25,000 Calculated using the Initial Purchase Price
Maximum per Put Notice $2,500,000 Subject to the lesser-of limit based on Average Daily Trading Value
Average Daily Trading Value limit 200% Alternative limit used to determine the maximum amount per Put Notice
Warrants issued Up to 525,000 ordinary shares Warrants issued as consideration for the investor’s commitment
Initial Purchase Price 95% Of the average of the three lowest traded prices during the five trading days before each Put Date
Initial Purchase Price financial
"95% of the average of the three (3) lowest traded prices"
Average Daily Trading Value financial
"average trading volume ... multiplied by the lowest closing price"
Put Date financial
"any trading day during the Commitment Period"
beneficial ownership limitations financial
"certain beneficial ownership limitations"
Beneficial ownership limitations are rules or contractual caps that restrict how much of a company’s stock an individual or entity can be treated as owning or controlling for legal, regulatory or corporate-governance purposes. They matter to investors because such limits affect voting power, reporting obligations, takeover risk and the ability to increase a stake — like an elevator weight limit or a lane divider that prevents any one car from taking over the whole road.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much can J-Star (YMAT) sell under the equity purchase agreement?

J-Star may sell up to $35,000,000 of Class A ordinary shares during the 36-month period beginning on September 24, 2026. The agreement gives J-Star the right, but not the obligation, to request sales.

How does J-Star (YMAT) calculate Average Daily Trading Value?

Average Daily Trading Value is the average trading volume of J-Star’s ordinary shares during the three trading days before the Put Date multiplied by the lowest closing price during those same three trading days.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

 

 

 

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

 

Commission File Number: 001-42767

 

J-Star Holding Co., Ltd.

(Registrant’s Name)

 

7/F-1, No. 633, Sec. 2, Taiwan Blvd.,

Xitun District, Taichung City 407,

Taiwan (R.O.C.)

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

Entry into a Definitive Securities Purchase Agreement

 

J-Star Holding Co., Ltd. (the “Company”), a Cayman Islands company, entered into an equity purchase agreement (the “Purchase Agreement”) dated as of September 24, 2026, with Hudson Global Ventures, LLC, a Nevada limited liability company (the “Investor”). Pursuant to the Purchase Agreement, the Company has the right, but not the obligation, to sell to the Investor from time to time over the period of 36 months from the date of the execution of the Purchase Agreement (the “Commitment Period”), up to $35,000,000 of Class A ordinary shares, par value US$2.50 per share (the “Ordinary Shares”), in accordance with the Purchase Agreement. In addition, the Company issued to the Investor warrants to purchase up to an aggregate of 525,000 Ordinary Shares as consideration for the Investor’s commitment to enter into the Purchase Agreement. Each sale the Company requests under the Purchase Agreement (a “Put Notice”) may be for a number of Ordinary Shares (i) in a minimum amount not less than $25,000.00 (calculated using the Initial Purchase Price (as defined below)) and (ii) in a maximum amount up to the lesser of (a) $2,500,000.00 (calculated using the Initial Purchase Price (as defined below)) or (b) 200% of the Average Daily Trading Value (as defined below). “Initial Purchase Price” is defined in the Purchase Agreement to mean 95% of the average of the three (3) lowest traded prices of our Ordinary Shares on the Nasdaq Capital Market during the five (5) trading days immediately preceding the respective Put Date (as defined below). “Average Daily Trading Value” shall mean the average trading volume of our Ordinary Shares on the Nasdaq Capital Market during the three (3) trading days immediately preceding the respective Put Date (as defined below) multiplied by the lowest closing price of our Ordinary Shares on the Nasdaq Capital Market during the three (3) trading days immediately preceding the respective Put Date (as defined below). “Put Date” is defined in the Purchase Agreement to mean any trading day during the Commitment Period that a Put Notice is deemed delivered pursuant to the Purchase Agreement.

 

Concurrently with the Purchase Agreement, the Company also entered into a registration rights agreement (the “Registration Rights Agreement”) with the Investor, pursuant to which the Company agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the Ordinary Shares issuable under the Purchase Agreement and the shares underlying the warrants.

 

The Purchase Agreement and Registration Rights Agreement contain customary representations, warranties and agreements of the Company and the Investor, as well as customary indemnification rights and obligations of the parties. The Investor further agrees, among other things, to certain beneficial ownership limitations as stipulated in the Purchase Agreement.

 

The Purchase Agreement and Registration Rights Agreement are filed as Exhibits 10.1 and 10.2, respectively, to this Current Report on Form 6-K. The foregoing is only a brief description of the material terms of the Purchase Agreement and Registration Rights Agreement and does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to such exhibits. This content does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1   Equity Purchase Agreement dated as of September 24, 2026
10.2   Registration Rights Agreement dated as of September 24, 2026

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: September 28, 2026

 

J-Star Holding Co., Ltd.

 

By: /s/ Jing-Bin Chiang  
Name: Jing-Bin Chiang  
Title: Chief Executive Officer  

 

 

Filing Exhibits & Attachments

2 documents

Keep reading