J-Star Holding holds extraordinary general meeting
YMAT•J-Star Holding shareholders approved raising Class B voting rights from 10 to 50, increasing authorized share capital from $300 million to $2.5 billion, then reducing it to $1 million and approving a 1-for-10 share consolidation at meetings on October 29, 2026.
1. Shareholder approvals
At its October 29, 2026, meetings, J-Star Holding shareholders approved capital restructuring resolutions, including increasing authorized share capital from $300 million to $2.5 billion and subsequently reducing it to $1 million. They also approved reducing par value to $0.001, followed by a 1-for-10 share consolidation that would set par value at $0.01, with fractional entitlements rounded up.
2. Voting and documents
Class A holders approved raising Class B voting rights from 10 to 50. Shareholders also approved replacement governing documents, subject to the voting-rights changes and consolidation taking effect, and resolutions allowing both meetings to be adjourned.
