Annonce • May 01
Vestand Inc Announces Receipt of Nasdaq Notification Regarding Late Filing and Continued Listing Requirements On April 23, 2026, Vestand Inc. (the Company) received a staff deficiency notice (the Notice) from The Nasdaq Stock Market (Nasdaq) indicating that, because Nasdaq has not yet received the Company's Form 10-K for the period ended December 31, 2025, the Company no longer complies with the Nasdaq Listing Rules for continued listing under Rule 5250(c)(1) (the Periodic Filing Requirement). Nasdaq's notice has no immediate effect on the listing of the Company's Class A Common Stock on the Nasdaq Capital Market. As reported in a press release dated December 2, 2025, the Company previously received a deficiency notice from Nasdaq for failing to file its Form 10-Q for the quarter ended September 30, 2025. The Company's failure to file its Form 10-K for the period ended December 31, 2025, is considered an additional delinquency. As a result of this additional delinquency, the Company expects to submit to Nasdaq an updated plan to regain compliance with the Periodic Filing Requirement which would allow the Company to regain compliance by May 18, 2026. Nasdaq in its discretion may (i) grant the Company until such date to regain compliance, (ii) approve an earlier date or (iii) not agree to the Company's compliance plan. The Company was unable to file its Form 10-Q for the quarter ended September 30, 2025, and its Form 10-K for the year ended December 31, 2025 (the Delinquent Reports) within the prescribed time periods due to the Company's ongoing financial restatement, as disclosed in its Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the SEC) on October 31, 2025. The Company is working diligently to complete the filing of the Delinquent Reports, the filing of which is expected to address the delinquency filing concern by Nasdaq; however, no assurance can be given that the Company will be able to regain compliance with the Periodic Filing Requirement. Annonce • Apr 01
Vestand Inc. announced delayed annual 10-K filing On 03/31/2026, Vestand Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 08
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (152% increase in shares outstanding). Market cap is less than US$10m (US$4.28m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Board Change • Feb 14
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. CEO & Director Ji-Won Kim is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Dec 18
Vestand Receives Notice of Non-Compliance with Nasdaq Listing Rule On December 12, 2025, Vestand Inc. received a written notice from the Nasdaq Listing Qualifications Department (the Nasdaq Staff") indicating that the Company is not in compliance with the $1.00 minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market. The notification of noncompliance has no immediate effect on the listing or trading of the Company's Class A Common Stock on the Nasdaq Capital Market under the symbol VSTD." The Company is currently monitoring the closing bid price of its Class A Common Stock and evaluating its alternatives, if appropriate, to resolve the deficiency and regain compliance with this rule. The Nasdaq Listing Rules require listed securities to maintain a minimum bid price of $1.00 per share and, basedupon the closing bid price for the last 30 consecutive business days as of December 11, 2025, the Company nolonger met this requirement. The Bid Price Notice indicated that the Company will be provided 180 calendar days, or until June 10, 2026, in which to regain compliance. If at any time during this period the closing bid price of the Company's Class A Common Stock is at least $1.00 per share for a minimum of ten consecutive business days, the Nasdaq Staff will provide the Company with written confirmation of compliance and the matter will be closed. Alternatively, if the Company fails to regain compliance with the Minimum Bid Price Requirement prior to the expiration of the 180 calendar day period, but meets the continued listing requirement for market value of publicly held shares and all the other standards for initial listing on the Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and provides written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary, then the Company may be granted an additional 180 calendar days to regain compliance with the Minimum Bid Price Requirement. However, if it appears that the Company will not be able to cure the deficiency, or if the Company is not otherwise eligible, Nasdaq Staff will provide the Company with written notification that its securities are subject to delisting from The Nasdaq Capital Market. At that time, the Company may appeal the delisting determination to a hearings panel. It should be noted that if the Company effects a reverse stock split and the closing bid price of the Company's Class A Common Stock falls below $1.00 again within one year, Nasdaq Staff may issue a Staff Delisting Determination immediately without providing any additional compliance period. If the closing bid price of the Company's Class A Common Stock decreases to $0.10 or less for ten consecutive trading days, Nasdaq will issue an immediate Staff Delisting Determination and the remainder of any compliance period will be moot. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement, even if it maintains compliance with the other listing requirements. The Company is considering actions that it may take in response to the Bid Price Notice in order to regain compliance with the continue delisting requirements, but no decisions regarding a response have been made at this time. Annonce • Dec 04
Vestand Receives Nasdaq Notification Regarding Late 10-Q Filing and Continued Listing Requirements Vestand Incorporated received a notice from Nasdaq Listing Qualifications on November 25, 2025 notifying the Company that as it has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2025 (the “Form 10-Q”), the Company no longer complies with Listing Rule 5250(c)(1) for continued listing on Nasdaq. The Company has 60 calendar days to submit to Nasdaq a plan to regain compliance, and if such plan is accepted, Nasdaq may grant the Company an extension of up to 180 calendar days from the prescribed due date for filing the Form 10-Q, or until May 18, 2026, to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Hearings Panel. The Notice from Nasdaq has no immediate effect on the listing of the Company’s Class A Common Stock. The Company intends to take the necessary steps to regain compliance with the Nasdaq Listing Rule as soon as practicable. However, there can be no assurance that the Form 10-Q will be filed within any required timeframe, a plan of compliance will be submitted within such period, Nasdaq will grant the Company an extension, or the Company will be able to meet the continued listing requirements during any compliance period that may be granted by Nasdaq. Annonce • Nov 15
Vestand Inc. announced delayed 10-Q filing On 11/14/2025, Vestand Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Oct 14
Vestand Inc. Appoints Andrew Yun to Board of Directors, Effective October 14, 2025 Vestand Inc. announced the appointment of Andrew Yun to the Company’s Board of Directors, effective October 14, 2025. Andrew Yun is a highly regarded attorney with extensive experience in corporate law, real estate, mergers and acquisitions, and corporate governance. Mr. Yun is the managing partner of Yun Law Group, and his practice is focused on all matters related to business including business transactions, corporate governance, and mergers and acquisitions. Prior to founding Yun Law Group, Mr. Yun was senior legal counsel to the largest energy and electronics conglomerates in the world. He holds a B.A. from Claremont McKenna College and a J.D. from Loyola Law School. Annonce • Sep 13
Vestand Inc. Announces Resignation of Sungjin Kim as Member of the Board of Directors, Effective September 8, 2025 On September 8, 2025, Vestand Inc. announced that Sungjin Kim, a member of the Board of Directors notified the company of his intention to resign from the Board, effective immediately on September 8, 2025. Mr. Kim’s departure from the Board was not the result of any disagreement with management or the Board. Annonce • Aug 16
Yoshiharu Global Co. announced delayed 10-Q filing On 08/15/2025, Yoshiharu Global Co. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Aug 05
Yoshiharu Global Co. announced that it expects to receive $4.4 million in funding Yoshiharu Global Co. announced that it has entered into a 7%Convertible Note Subscription Agreement with new investor Open Innovation Fund to which the Investor agreed to invest $4,400,000 on August 4, 2025. The Note will mature three (3) years after the issuance date but Investor shall be permitted to request repayment of the Note on demand at any point after twelve (12) months from the issuance date. The Note will accrue interest at a rate of 7% which would be payable semi-annually in arrears. The Agreement provides that the Note will be convertible into shares of Class A Common Stock, at the option of the Investor, commencing six (6) months after the issuance date at a conversion price of $1.10 per share. Notwithstanding the foregoing, the conversion price is subject to adjustment to the lower of the then effective conversion price or 90% of the average closing price of the Company’s Class A Common Stock during the 10 trading days preceding the adjustment date. However, in no event shall the adjusted conversion price be less than $1.00. Annonce • Jun 21
Yoshiharu Global Co. Nominates Jae-Eun Song to Serve as Director On June 15, 2025, the Board of Yoshiharu Global Co. nominated Jae-Eun Song to serve as a director of the Company. Jae Eun Song is an experienced hospitality and business operations professional with over 15 years of multi-industry experience. Ms. Song has been a Manager of Bento Woman Inc., a catering company, since September 2019. She has demonstrated strong leadership in high-pressure environments, particularly in catering, restaurant management, and administrative roles. A bilingual communicator (Korean and English), she brings significant skills in team coordination, QuickBooks, and customer relations. She holds a bachelor’s degree in Hospitality Management from Madonna University and is certified in food safety by the National Restaurant Association. Annonce • Jun 13
Yoshiharu Global Co. Announces Temporary Restaurant Closures Starting June 13, 2025, all Yoshiharu Global Co. restaurant locations will be temporarily closed for approximately three days as the new management team conducts a review of store operations, performs an internal audit, and updates the Company’s accounting systems. Normal operations are expected to resume shortly. Board Change • Jun 10
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman of the Board, President & CEO James Chae is the most experienced director on the board, commencing their role in 2016. Independent Director Jae-Hyo Seo was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • May 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 22% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$27.5m market cap). Reported Earnings • May 08
First quarter 2025 earnings released: US$0.96 loss per share (vs US$0.65 loss in 1Q 2024) First quarter 2025 results: US$0.96 loss per share (further deteriorated from US$0.65 loss in 1Q 2024). Revenue: US$3.51m (up 25% from 1Q 2024). Net loss: US$1.42m (loss widened 63% from 1Q 2024). Annonce • Apr 17
Yoshiharu Global Co. Announces Resignation of Yusil Yeo and Harinne Kim as Members of the Board of Directors Yoshiharu Global Co. announced on April 10, 2025, Yusil Yeo and Harinne Kim, members of the Board of Directors (the “Board”) of Yoshiharu Global Co. (the “Company”), notified the Company of their intention to resign from the Board and all committees of the Board, effective at the Company’s upcoming Special Meeting of Stockholders (the “Special Meeting”). Both directors have indicated that their departure from the Board was not the result of any disagreement with management or the Board. Annonce • Apr 01
Yoshiharu Global Co. Regains Compliance with Rule 5550(b)(1) As previously disclosed, Yoshiharu Global Co. was notified by Nasdaq that it was out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders' equity of at least $2,500,000 for continued listing, or to meet the alternatives of market value of listed securities or net income from continuing operations. The Company did not originally regain compliance within the applicable timeframe to cure such deficiency and had scheduled an appeal of its delisting with a Hearings Panel for April 1, 2025. On March 27, 2025, Nasdaq notified the Company that it had regained compliance with Rule 5550(b)(1). As a result, the hearing scheduled for April 1, 2025 has been cancelled and the Company's securities will continue to be listed and traded on The Nasdaq Stock Market. Reported Earnings • Mar 27
Full year 2024 earnings released: US$1.98 loss per share (vs US$2.29 loss in FY 2023) Full year 2024 results: US$1.98 loss per share (improved from US$2.29 loss in FY 2023). Revenue: US$12.8m (up 39% from FY 2023). Net loss: US$2.67m (loss narrowed 12% from FY 2023). Annonce • Mar 27
Yoshiharu Global Co. announced that it expects to receive $1.65 million in funding Yoshiharu Global Co announced a private placement and entered into a subscription agreement to issue 660,000 pre-paid warrants for $2.5 each for aggregate gross proceeds of $1,650,000 with certain Investors on March 25, 2025. Each warrant is exercisable for one share of the Company’s Class A common stock, par value $0.0001 per share at an exercise price of $0.01 pursuant to the terms of warrant agreements dated as of March 24, 2025. Annonce • Mar 26
Yoshiharu Global Provides Update on Notice from Nasdaq As previously disclosed, on February 18, 2025, Yoshiharu Global Co. received a notification letter (the “Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has scheduled the Company’s securities for delisting from The Nasdaq Capital Market. This Letter was sent pursuant to an earlier notification letter warning the Company that it was out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders’ equity of at least $2,500,000 for continued listing, or to meet the alternatives of market value of listed securities or net income from continuing operations. The Company was provided an opportunity to provide Nasdaq with a specific plan to achieve and sustain compliance with all Nasdaq listing requirements, which Nasdaq accepted such plan for compliance provided that the Company achieved compliance by February 17, 2025. The Company did not regain compliance within the applicable timeframe and was not eligible for a further period to regain compliance. Pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 series, the Company appealed Nasdaq’s determination to a Hearings Panel (the “Panel”). The hearing is scheduled for April 1, 2025. Subsequent to the Company’s appeal, the Company has engaged in certain financing transactions as follows: As disclosed in a Form 8-K/A filed on March 18, 2025, certain investors purchased shares of Class A common stock of the Company for an aggregate sum of 714,000. As previously disclosed in a Form 8-K filed on March 18, 2025 8-K certain investors purchased warrants of the Company for the aggregate sum of 1,200,000. As disclosed in this Report on Form 8-K, (i) certain debt holders of the Company have cancelled indebtedness of the Company in the aggregate amount of 2,500,000 in exchange for warrants of the Company and (ii) certain other investors have purchased additional warrants of the Company for an aggregate purchase price of 1,650,000. As a result of such financing transactions, as of the date hereof, the Company believes that it has regained compliance with the stockholders’ equity requirement. The Company is aware that Nasdaq will continue to monitor the Company’s ongoing compliance with the stockholder’s equity requirement and, if at the time of its next periodic report, the Company does not evidence compliance, it may be subject to delisting. Annonce • Feb 23
Yoshiharu Global Co. Announces Resignation of Jay Kim Rom the Board and All Committees On February 13, 2025, independent director Jay Kim provided the Board of Directors of Yoshiharu Global Co., with his formal resignation from the Board and all committees thereof, effective immediately. Mr. Kim was a member of the audit committee of the Board and was chair of the compensation committee of the Board. Mr. Kim's decision to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices (financial or otherwise). Annonce • Feb 22
Yoshiharu Intends to Appeal Delisting Notice from Nasdaq Yoshiharu Global Co. ("Yoshiharu" or the "Company") announced that it has received a notice of delisting from Nasdaq. On February 18, 2025, the Company received a notification letter (the “Letter”) from the Nasdaq Listing Qualifications Staff (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that because it remains out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders’ equity of at least $2,500,000 for continued listing, Nasdaq has scheduled the Company’s securities for delisting from Nasdaq. As previously reported on Form 8-K on August 23, 2024, the Company initially received a notification letter from the Staff that the Company was not in compliance with Listing Rule 5550(b)(1). The Company was provided an opportunity to provide Nasdaq with a specific plan to achieve and sustain compliance with all Nasdaq listing requirements, which Nasdaq accepted such plan for compliance provided that the Company achieved compliance by February 17, 2025. However, the Company has not regained compliance within the applicable timeframe and is not eligible for a further period to regain compliance. Under Nasdaq Listing Rule 5800 Series and as stated in the Letter, the Company has until February 25, 2025 to request a hearing to appeal the Staff’s determination. The Company intends to request such a hearing to the appeal the determination. Annonce • Nov 16
Yoshiharu Global Co. announced delayed 10-Q filing On 11/15/2024, Yoshiharu Global Co. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Nov 14
Yoshiharu Global Co., Annual General Meeting, Dec 19, 2024 Yoshiharu Global Co., Annual General Meeting, Dec 19, 2024. Location: at the offices of pryor cashman llp, at 7 times square, ny 10036, new york United States Annonce • Oct 03
Yoshiharu Global Co. announced that it has received $1 million in funding Yoshiharu Global Co. announced a non-brokered private placement for the gross proceeds of $1,000,000 on October 2, 2024. Annonce • Aug 25
Yoshiharu Global Receives Non-Compliance Letter from Nasdaq Due to Non-Compliance with Minimum $2.5 Million Stockholders’ Equity Requirement On August 21, 2024, Yoshiharu Global Co. (the ‘Company’) received a notification letter (the ‘Letter’) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that its amount of stockholders’ equity has fallen below the $2,500,000 required minimum for continued listing set forth in Nasdaq Listing Rule 5550(b)(1). The Letter also noted that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations, and therefore, the Company no longer complies with Nasdaq’s Listing Rules. Under Nasdaq Listing Rules, the Company has until October 7, 2024 to provide Nasdaq with a specific plan to achieve and sustain compliance with all Nasdaq listing requirements. If Nasdaq accepts the Company’s plan for compliance, Nasdaq may grant an extension of up to 180 calendar days from the date of the Letter to evidence compliance. If Nasdaq does not accept the Company’s plan to achieve compliance, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel. A hearing request will stay the suspension and delisting of the Company’s securities pending the Nasdaq Hearings Panel’s decision. The Company is evaluating various courses of action to achieve compliance with Nasdaq Listing Rule 5550(b)(1). There can be no assurance that the Company will regain compliance with Nasdaq Listing Rule 5550(b)(1) or that the Company will be able meet the continued listing requirements during any compliance period that may be granted by Nasdaq. The Company, by filing this Current Report on Form 8-K, discloses its receipt of the notification from Nasdaq in accordance with Nasdaq Listing Rule 5810(b). Annonce • Aug 16
Yoshiharu Global Co. announced delayed 10-Q filing On 08/15/2024, Yoshiharu Global Co. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Aug 15
First quarter 2024 earnings released: US$0.65 loss per share (vs US$1.01 loss in 1Q 2023) First quarter 2024 results: US$0.65 loss per share (improved from US$1.01 loss in 1Q 2023). Revenue: US$2.81m (up 13% from 1Q 2023). Net loss: US$876.2k (loss narrowed 23% from 1Q 2023). Annonce • Jun 28
Yoshiharu Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q On June 21, 2024, Yoshiharu Global Co. (the ‘Company’) received a notification letter from the Nasdaq Listing Qualifications Staff (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that because it has not yet filed its Form 10-Q for the fiscal quarter ended March 31, 2024 (the ‘Filing’), Nasdaq has determined that the Company has failed to comply with the filing requirement set forth in Listing Rule 5250(c.)(1). The Letter further explains that under applicable Nasdaq rules, the Company has up to 60 calendar days to submit a plan to regain compliance, and that if the plan is accepted, Staff will grant an exception of up to 180 calendar days from the Filing’s due date, or until December 16, 2024, to regain compliance. If the Staff does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision before the Hearings Panel (the ‘Panel’). The Letter also states that any subsequent periodic filing that is due within the 180 day exception period must be filed no later than the end of the period. While the Company intends to submit a plan to regain compliance to the Staff, there can be no assurances that the Staff will accept its plan. In the event that the Company’s plan of compliance is rejected, it will likely appeal such a decision to the Panel. However, there can be no assurances that the Panel will provide a favorable decision to the Company with respect to such an appeal. Pursuant to Listing Rule 5810(b), the Staff requires that the Company issue as promptly as possible, but no later than four days from the receipt of the Letter, a public announcement disclosing the receipt of the Letter. In the event the Company does not make the required public announcement, trading in its securities will be halted. The Company, by filing this Form 8-K, discloses its receipt of the notification from Nasdaq in accordance with Nasdaq Listing Rule 5810(b). Annonce • Jun 18
Yoshiharu Global Co. (NasdaqCM:YOSH) completed the acquisition of Jjanga LLC/HJH LLC/Ramen Aku LLC for an aggregate $3.6 million. Yoshiharu Global Co. (NasdaqCM:YOSH) entered into a non-binding Memorandum of Understanding to acquire Jjanga LLC/HJH LLC/Ramen Aku LLC on September 11, 2023. Consideration will be paid as a combination of cash and a convertible note. The unknown seller is expected to continue as the managing director of combined entity. The acquisitions are subject to successful negotiation and execution of a definitive agreement as well as several contemplated closing conditions including, without limitation, audited financial statements of the target businesses, the obtainment of all requisite licenses and permits, and other customary conditions. An executed definitive agreement is also contingent upon satisfaction by the Company of all business and legal due diligence on the target businesses and is expected to contain customary representations, warranties and covenants of transactions of this nature. The Company cannot make any assurances that a definitive agreement will be executed, however the parties are targeting finalization of a definitive agreement in the early fourth quarter 2023.
Yoshiharu Global Co. (NasdaqCM:YOSH) entered into an asset purchase agreement with Mr. Jiyuck Hwang to acquire Jjanga LLC/HJH LLC/Ramen Aku LLC for an aggregate $3.6 million on November 21, 2023. The Company has agreed to pay $1.8 million in cash, a promissory note in the principal amount of $0.6 million (the
“Promissory Note”) and a convertible note having a principal amount of $1.2 million which shall be convertible into the Company’s Class A common stock in accordance with the terms therein (the “Convertible Note”). The principal sum of the Promissory Note shall be repaid by the Company to the Seller in two equal installments due
November 30, 2024 and November 30, 2025. Each annual installment shall be in the amount of $300,000. The Promissory Note specifies that payments shall be made without the addition of interest. If the Company fails to make any payments as required, the Promissory Note states that the entire balance shall become immediately due and payable. Additionally, the Company has entered into an employment agreement with the Seller whereby the Seller will serve as the Managing Director of each restaurant upon consummation of the Agreement (the “Employment Agreement”). The Asset Agreement also contains customary representations, warranties, indemnification provisions and closing conditions including the required audit of target assets in accordance with applicable Securities & Exchange Commission regulations. Pryor Cashman LLP acted as a legal advisor to Yoshiharu Global Co. (NasdaqCM:YOSH). Pryor Cashman LLP acted as a legal advisor to Jiyuck Hwang. The Company anticipates closing the transaction by the end of 2023.
Yoshiharu Global Co. (NasdaqCM:YOSH) completed the acquisition of Jjanga LLC/HJH LLC/Ramen Aku LLC on June 17, 2024. Annonce • May 17
Yoshiharu Global Co. announced delayed 10-Q filing On 05/15/2024, Yoshiharu Global Co. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Apr 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 50% per year over the past 5 years. Market cap is less than US$10m (US$5.19m market cap). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Apr 02
Full year 2023 earnings released: US$2.29 loss per share (vs US$3.32 loss in FY 2022) Full year 2023 results: US$2.29 loss per share (improved from US$3.32 loss in FY 2022). Revenue: US$9.21m (up 11% from FY 2022). Net loss: US$3.04m (loss narrowed 13% from FY 2022). Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.068 loss per share (vs US$0.15 loss in 3Q 2022) Third quarter 2023 results: US$0.068 loss per share (improved from US$0.15 loss in 3Q 2022). Revenue: US$2.03m (up 14% from 3Q 2022). Net loss: US$884.9k (loss narrowed 42% from 3Q 2022). Annonce • Nov 07
Yoshiharu Global Co., Annual General Meeting, Nov 20, 2023 Yoshiharu Global Co., Annual General Meeting, Nov 20, 2023, at 09:00 US Eastern Standard Time. Location: offices of Pryor Cashman LLP at 7 Times Square, New York, NY 10036 New York United States Agenda: To elect four persons to our Board of Directors, each to hold office until the 2024 annual meeting of stockholders or until their respective successors shall have been duly elected or appointed and qualify; to ratify the appointment of BF Borgers CPA PC as our independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of our Class A Common Stock, par value $0.0001 per share, and Class B Common Stock, par value $0.0001 per share each at a ratio of not less than 1-for-2 and not more than 1-for-40 such ratio to be determined by the Board of Directors on or prior to December 31, 2023, in its sole discretion without further approval or authorization of our stockholders; and to consider other matters if any. Annonce • Sep 08
Yoshiharu Introduces an Array of Nine New Menu Items Yoshiharu Global Co. announced the launch of nine new menu items which will be available starting from Friday, September 8th across all of its nine store locations except La Mirada, CA. The new menu items are an eclectic array of options supplementary to Yoshiharu's flagship ramen, ranging from seafood-centric bowls, musubis, appetizers, entrees, and an incremental kids' meal offering: · Ginger Pork Plate · King Oyster Mushroom · Yoshi Poke Ramen · Yoshi Poke Bowl · Salmon Sashimi Bowl · Tuna or Ribeye Onigir · Chicken and Korokke Musubi · Chicken Katsu with or without curry· Chicken Katsu Burger Kids Meal. Annonce • Sep 07
Yoshiharu Global Co. (NasdaqCM:YOSH) announces an Equity Buyback for $1 million worth of its shares. Yoshiharu Global Co. (NasdaqCM:YOSH) announces a share repurchase program. Under the program, the company will repurchase up to $1 million worth of its shares. Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.078 loss per share (vs US$0.047 loss in 2Q 2022) Second quarter 2023 results: US$0.078 loss per share (further deteriorated from US$0.047 loss in 2Q 2022). Revenue: US$2.21m (up 14% from 2Q 2022). Net loss: US$1.02m (loss widened 129% from 2Q 2022). New Risk • Jul 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$11.7m market cap). Annonce • Jun 28
Yoshiharu Global Receives A Notification Letter from Nasdaq Regarding Minimum Bid Price Requirement On June 16, 2023, Yoshiharu Global Co. received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC notifying the Company that the minimum bid price per share for its common stock has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on the listing of the Company's common stock on Nasdaq. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has until December 13, 2023 to regain compliance with the minimum bid price continued listing standard. If at any time during such 180-day period the closing bid price of the Company's common stock is at least $1.00 for a minimum of ten consecutive business days, Nasdaq will provide the Company written confirmation of compliance. If the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calendar days to regain compliance, provided that the Company (i) meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for Nasdaq Listing Rule 5550(a)(2), and (ii) provides a written notice of its intention to cure this deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, Nasdaq will inform the Company that it has been granted an additional 180 calendar days to regain compliance. However, if it appears to the Listing Qualifications Staff that the Company will not be able to cure the deficiency, or if the Company is otherwise not eligible, Nasdaq will provide notice that the Company's securities will be subject to delisting. In the event of such notification, the Company may appeal Nasdaq's determination to delist its securities, but there can be no assurance that Nasdaq would grant the Company's request for continued listing. The Company is monitoring the bid price of its common stock and may, if appropriate, evaluate various courses of action to achieve compliance with the minimum bid price continued listing standard. However, there can be no assurance that the Company will be able to regain compliance with the minimum bid price continued listing standard or will otherwise be in compliance with other Nasdaq listing criteria. Annonce • May 24
Yoshiharu Global Co. Introduces Cold Ramen as New Seasonal Menu Item Yoshiharu Global Co. has introduced a limited time cold ramen dish to be offered during the spring and summer months. Cold ramen, also known as Hiyashi Chuka, is served in a chilled special soy sesame sauce with a colorful and vibrant mix of fresh vegetables and protein toppings, including chashu and eggs. The dish is well-known throughout Japan for its refreshing taste and is commonly consumed during the hot months. The new seasonal dish is already available across all nine Yoshiharu locations for customers to enjoy. Reported Earnings • May 12
First quarter 2023 earnings released: US$0.10 loss per share (vs US$0.042 loss in 1Q 2022) First quarter 2023 results: US$0.10 loss per share (further deteriorated from US$0.042 loss in 1Q 2022). Revenue: US$2.48m (up 22% from 1Q 2022). Net loss: US$1.14m (loss widened 191% from 1Q 2022). Reported Earnings • Apr 02
Full year 2022 earnings released: US$0.33 loss per share (vs US$0.34 loss in FY 2021) Full year 2022 results: US$0.33 loss per share. Revenue: US$8.28m (up 27% from FY 2021). Net loss: US$3.49m (loss widened 114% from FY 2021). Reported Earnings • Nov 19
Third quarter 2022 earnings released: US$0.15 loss per share (vs US$0.006 profit in 3Q 2021) Third quarter 2022 results: US$0.15 loss per share (down from US$0.006 profit in 3Q 2021). Revenue: US$1.77m (down 3.8% from 3Q 2021). Net loss: US$1.53m (down US$1.54m from profit in 3Q 2021). Annonce • Sep 28
Yoshiharu Global Co. Unveils New Menu Items for All Restaurant Locations Yoshiharu Global Co. announced the launch of brand new menu items for all restaurant locations starting October 1, 2022. To complement the ongoing success of core items such as the Tonkotsu Black and Tonkotsu Shoyu Ramens, the latest offerings feature new appetizers, sushi rolls, plates, and a ramen bowl that will further provide customers with an authentic Japanese dining experience. Debuting the refreshed menu through a soft launch at two locations, Yoshiharu received positive customer feedback and, on average, generated a 10% increase in overall sales at these locations. In particular, the featured St. Louis Pork Rib Spicy Miso Ramen using Yoshiharu's popular pork bone broth and the addition of several new sushi rolls have been deemed as customer favorites. Annonce • Sep 10
Yoshiharu Global Co. has completed an IPO in the amount of $11.76 million. Yoshiharu Global Co. has completed an IPO in the amount of $11.76 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 2,940,000
Price\Range: $4
Discount Per Security: $0.4