F-1/A: J-Star Holding Co. Ltd. Files Amendment No. 18 to Form F-1 Registration Statement

Sentiment:

Registration Statement Amendment


J-Star Holding Co., Ltd. files Amendment No. 18 to its Form F-1 registration statement, primarily to include updated exhibits and consents from accounting firms.

Capital raiseThe document relates to a registration statement for a proposed sale of securities to the public.The company has issued unregistered securities in the past and is now seeking to register securities for a public offering.

Summary

  • J-Star Holding Co., Ltd. has filed Amendment No. 18 to its Form F-1 registration statement with the U.S. Securities and Exchange Commission.
  • The amendment primarily includes the filing of exhibit 15.1 (Consent of WWC, P.C.) and exhibit 23.1 (Consent of PricewaterhouseCoopers, Taiwan).
  • No changes have been made to the prospectus included in the Registration Statement, which remains unchanged from Amendment No. 17 filed on January 9, 2024.
  • The document also includes information on indemnification of directors and officers, recent sales of unregistered securities, exhibits, and undertakings as required by the Securities Act of 1933.

Sentiment

Score: 6

Explanation: The document is a regulatory filing, so the sentiment is neutral. It contains factual information about the company's registration process and past securities issuances.

Future Outlook

The approximate date of commencement of the proposed sale to the public is as soon as practicable after the effective date of this registration statement.

Industry Context

This filing is a standard step for companies seeking to list on a U.S. stock exchange, ensuring compliance with SEC regulations and providing necessary information to potential investors.

Stakeholder Impact

  • The filing of this registration statement is a significant step towards the company's potential public listing, which could benefit shareholders.
  • The offering could provide capital for the company's future growth and development.
  • The company's compliance with SEC regulations is important for maintaining investor confidence.

Next Steps

  • The registration statement will need to become effective before the company can proceed with its proposed sale of securities to the public.
  • The company may need to file further amendments to the registration statement in response to comments from the SEC.

Key Dates

DateDescription
September 30, 2019Issuance of 10,251,947 securities to NEW MOON CORPORATION
January 10, 2020Issuance of 5,252,500 securities to NEW MOON CORPORATION and 4,999,447 securities to J-Star Holding Co., Ltd.
August 12, 2020Issuance of 2,863,840 securities to NEW MOON CORPORATION and 2,388,660 securities to GLITTER GROUP CO., LTD
August 15, 2020Issuance of 2,388,660 securities to STAR CENTURION LIMITED
August 20, 2020Issuance of 1,856,598 securities to NEW MOON CORPORATION, 2,500,000 securities to RADIANT FAITH LIMITED, 100,000 securities to HSU Chung-Haw and 1,000,000 securities to CHEN Shu-Jhen
September 30, 2020Issuance of 856,598 securities to NEW MOON CORPORATION and 1,000,000 securities to CHAN CHIH LIMITED
November 6, 2020Issuance of 1,054,293 securities to CHIANG Jing-Bin and 3,945,154 securities to J-Star Holding Co., Ltd.
December 18, 2020Issuance of 375,000 securities to CHIANG Jing-Bin and 975,000 securities to ABICO ASIA Capital Corporation
December 30, 2020Issuance of 377,124 securities to NEW MOON CORPORATION, 251,416 securities to Sendai Investments Company Inc., 209,513 securities to Barium Glory Financial Ltd., and 3,107,101 securities to J-Star Holding Co., Ltd.
February 1, 2022Executive Officer and Director Employment Agreements effective
March 2, 2022Deed of Guarantee by Kings Town Bank Co., Ltd. and Mr. Jing-Bin Chiang
March 4, 2022Issuance of securities to various purchasers including NEW MOON CORPORATION, STAR CENTURION LIMITED, RADIANT FAITH LIMITED, ABICO ASIA Capital Corporation, Barium Glory Financial Ltd., Sendai Investments Company Inc., CHAN CHIH LIMITED, CHIANG Jing-Bin, LEE Bo-Wei, HSU Chung-Haw, and CHEN Shu-Jhen
April 11, 2022Comprehensive Credit Loan Agreement by and among Mega International Commercial Bank Co., Ltd. and TW YMA
July 9, 2022Independent Director Agreements effective
August 7, 2022Leasing Agreement by and among Farglory Life Insurance Inc. and TW YMA
May 22, 2023Credit Limited Notice by CTBC Bank Corporation Ltd and Mr. Jing-Bin Chiang
April 1, 2023Equity Transfer Agreement of Forwell Sports Equipment Co., Ltd and YMA Composite Materials (DG) Co. Ltd by and Goal Beyond Limited and Transferee
April 27, 2023Supplemental Agreement to the Equity Transfer Agreement of Forwell Sports Equipment Co., Ltd and YMA Composite Materials (DG) Co. Ltd by and Goal Beyond Limited and Transferee
July 27, 2023Agreement on the Paid Recovery of State-Owned Land Use Rights by and between Bohong Technology and Yangzhou Municipal Land and Resources Bureau, Hanjiang Branch
August 29, 2023Loan Agreement by and among Taishin International Bank and TW YMA, Collateral Provision Agreement by and among Taishin International Bank, Mr. Jing-Bin Chiang and TW YMA, Letter of Approval of Credit by and among Fubon Commercial Bank of Taipei Co., Ltd. and Mr. Jing-Bin Chiang
December 18, 2023Date of WWC, P.C.'s review report on the unaudited interim condensed consolidated financial statement for the six-month period ended June 30, 2023
January 9, 2024Filing date of Amendment No. 17 to the Registration Statement
March 4, 2024Date of Amendment No. 18 filing, signatures, and consents from accounting firms

Keywords

Registration Statement, Form F-1, Amendment, Securities, Offering, J-Star Holding, Exhibits, Consents

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