J-Star Holding shares surge 14.39% premarket after filing complaints against PwC over NASDAQ IPO misrepresentations.

J-Star Holding Co. surged 14.39% in premarket trading following its announcement of formal complaints against PwC with the AICPA and PCAOB over alleged misrepresentations during its NASDAQ IPO process. The company cited PwC’s failure to meet professional standards, which caused delays and additional costs, prompting J-Star to replace the auditor. While the dispute highlights governance challenges, the proactive filing with U.S. regulators underscores the company’s commitment to transparency and compliance, potentially bolstering investor confidence. Chairman Jonathan Chiang emphasized accountability in capital markets, aligning with the stock’s positive premarket reaction as investors may view the move as a strategic effort to resolve regulatory hurdles and restore trust.