J-Star converts $8.2 million related-party loan into equity
YMAT•J-Star converted an $8.2 million related-party loan into Class A ordinary shares in the six months ended June 30, 2026, and total equity rose to $2.8 million from negative $6.8 million at year-end 2025.
1. Loan converted to equity
J-Star converted an $8.2 million related-party loan into Class A ordinary shares during the six months ended June 30, 2026. CEO Jing-Bin Chiang irrevocably canceled shareholder debt, leaving the company nearly debt-free at the period’s end; total equity rose to $2.8 million from negative $6.8 million at December 31, 2025.
