J-Star Proposes 1-for-10 Reverse Split, $2.5B Authorized Capital, and 50x Class B Voting Rights
YMAT has more than doubled off its 52-week low of $0.85 on elevated volume (8.7× avg).
Summary
J-Star Holding has called an October 29 shareholder meeting to approve a 1-for-10 reverse split, a massive authorized share capital increase to $2.5B, and a fivefold increase in Class B voting power.
Key Events · Corporate Governance and Compliance · YMAT
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1-for-10 Reverse Split Proposed
Every 10 issued and unissued Class A and Class B shares consolidate into 1 share, reducing authorized Class A shares from 940M to 94M and Class B from 60M to 6M, with par value at $0.01.
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Authorized Capital Raised to $2.5B
Authorized share capital increases from US$300M to US$2.5B by creating 880M additional Class A shares at $2.50 par, before the par value reduction and consolidation.
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Class B Voting Power Quintuples
Voting rights attached to each Class B ordinary share increase from 10 to 50 votes on all matters, subject to separate Class A and Class B consents.
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Par Value Cut to $0.001
Par value of issued and outstanding shares is reduced from $2.50 to $0.001, with the credit transferred to a distributable reserve usable to offset accumulated losses.
Analysis · YMAT · Manufacturing
Shareholders are being asked to approve a sweeping capital restructuring at an October 29, 2026 meeting. The plan increases authorized Class A shares from 60M to 940M, cuts par value from $2.50 to $0.001, then executes a 1-for-10 reverse split — a sequence that leaves the company with 94M Class A shares at $0.01 par. Separately, Class B voting rights jump from 10 to 50 votes per share, concentrating control in Class B holders. The authorized share increase gives the board enormous headroom to issue shares under the existing $150M shelf and $35M equity line, while the reverse split appears aimed at lifting the stock price after the company only recently regained Nasdaq's $1 minimum bid compliance in July 2026.
How filings like this one have moved
In the 30 days to Oct 9, 2026, 36.7% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, YMAT was trading at $2.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $5.2M. The 52-week trading range was $0.85 to $13.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.