{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T09:11:09.254968+00:00","company":{"ticker":"VSTD","cik":1898604,"company_name":"Vestand Inc."},"pagination":{"limit":100,"returned":60,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Open Innovation Fund","detail":"other","count":2,"first_seen":"2025-12-17T23:59:59+00:00","last_seen":"2025-12-17T23:59:59+00:00","evidence_fact_ids":[118868,118869]},{"display_name":"Alumni Capital LP","detail":"equity_purchase","count":1,"first_seen":"2024-01-10T23:59:59+00:00","last_seen":"2024-01-10T23:59:59+00:00","evidence_fact_ids":[81990]},{"display_name":"Good Mood Studio Inc.","detail":"credit_facility","count":1,"first_seen":"2026-05-28T21:19:15+00:00","last_seen":"2026-05-28T21:19:15+00:00","evidence_fact_ids":[84820]},{"display_name":"Min Gan Zhe Investment Limited","detail":"equity_purchase","count":1,"first_seen":"2026-05-28T21:13:21+00:00","last_seen":"2026-05-28T21:13:21+00:00","evidence_fact_ids":[84825]},{"display_name":"Min Gan Zhe Investment Limited and Vestand Korea Co., Ltd.","detail":"credit_facility","count":1,"first_seen":"2026-05-28T21:13:21+00:00","last_seen":"2026-05-28T21:13:21+00:00","evidence_fact_ids":[84826]},{"display_name":"Mr. Jiyuck Hwang","detail":"asset_purchase","count":1,"first_seen":"2023-11-27T23:59:59+00:00","last_seen":"2023-11-27T23:59:59+00:00","evidence_fact_ids":[91470]}],"lender":[{"display_name":"Good Mood Studio Inc.","detail":"loan","count":1,"first_seen":"2026-05-28T21:19:15+00:00","last_seen":"2026-05-28T21:19:15+00:00","evidence_fact_ids":[54414]},{"display_name":"Min Gan Zhe Investment Limited","detail":"loan","count":1,"first_seen":"2026-05-28T21:13:21+00:00","last_seen":"2026-05-28T21:13:21+00:00","evidence_fact_ids":[54415]},{"display_name":"Open Innovation Fund","detail":"convertible_notes","count":1,"first_seen":"2025-08-04T23:59:59+00:00","last_seen":"2025-08-04T23:59:59+00:00","evidence_fact_ids":[43289]}],"ma_counterparty":[{"display_name":"Mr. Jiyuck Hwang","detail":"acquisition","count":3,"first_seen":"2024-06-17T23:59:59+00:00","last_seen":"2024-08-26T23:59:59+00:00","evidence_fact_ids":[118390,123823,127947]},{"display_name":"Jiyuck Hwang","detail":"acquisition","count":1,"first_seen":"2024-09-04T23:59:59+00:00","last_seen":"2024-09-04T23:59:59+00:00","evidence_fact_ids":[117990]}]},"facts":[{"fact_type":"exchange_compliance_notice","fact_key":"cf18cdc03df9044002a0b4106cc05a19c10624e5","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-06-17T20:21:56+00:00","payload":{"company_response":null,"compliance_status":"hearing_requested","cure_deadline":null,"deficiency_type":"minimum_bid_price","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2026-06-12","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":"Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share","reported_value":null,"rule_numbers":["5550(a)(2)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"June 12, 2026, Vestand Inc. (the “Company”) received a letter (the “Nasdaq Letter”) from the Listing Qualifications\nDepartment of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it had not regained compliance with Nasdaq\nListing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share (the “Minimum Bid\nPrice Requirement”). The\nNasdaq Letter has no immediate effect on the listing of the Company’s Class A Common Stock on the Nasdaq Capital Market. As\npreviously disclosed in the Company’s Current Report on Form 8-K filed on December 17","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-029088","anchor_url":"https://secwatch.observer/filing/0001493152-26-029088#claim-cf18cdc03df9044002a0b4106cc05a19c10624e5","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226029088/0001493152-26-029088-index.htm"},{"fact_type":"material_agreement","fact_key":"60a4e202c30673db20ca7cbf32ecf62ae026ae3c","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-05-28T21:19:15+00:00","payload":{"action":"entry","agreement_name":"Loan Agreement","agreement_type":"credit_facility","counterparty":"Good Mood Studio Inc.","effective_date":"2026-03-17","item_codes_triggered":["1.01"],"value_text":"$200,000"},"claim":"Vestand Inc. entered into Loan Agreement with Good Mood Studio Inc. valued at $200,000 (effective 2026-03-17).","evidence_excerpt":"On March 17, 2026, Vestand Inc. (the “Company”), entered into a Loan Agreement (the “Loan Agreement”) with Good Mood Studio Inc., a California corporation (the “Lender”) pursuant to which the Lender agreed to lend the Company the principal amount of $200,000 (the “Loan”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-025663","anchor_url":"https://secwatch.observer/filing/0001493152-26-025663#claim-60a4e202c30673db20ca7cbf32ecf62ae026ae3c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025663/0001493152-26-025663-index.htm"},{"fact_type":"debt_financing","fact_key":"56017a274ce486fc59c633e4e3e5ef189f5171d4","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-05-28T21:19:15+00:00","payload":{"counterparty":"Good Mood Studio Inc.","effective_date":"2026-03-17","event":"incurrence","instrument_type":"loan","interest_rate_text":"16% per annum","item_codes_triggered":["2.03"],"maturity_text":"September 16, 2026","principal_text":"$200,000"},"claim":"Vestand Inc. incurred loan of $200,000 with Good Mood Studio Inc. at 16% per annum maturing September 16, 2026.","evidence_excerpt":"(the “Loan Agreement”) with Good\nMood Studio Inc., a California corporation (the “Lender”) pursuant to which the Lender agreed to lend the Company the principal\namount of $200,000 (the “Loan”). The\nLoan bears interest at a rate of 16% per annum, calculated on a simple interest basis and on the basis of the actual number of days elapsed\nover a 365-day year.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-025663","anchor_url":"https://secwatch.observer/filing/0001493152-26-025663#claim-56017a274ce486fc59c633e4e3e5ef189f5171d4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025663/0001493152-26-025663-index.htm"},{"fact_type":"equity_issuance","fact_key":"1c229ca8c8892df34f6b3bc5f84267b09020bf89","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-05-28T21:13:21+00:00","payload":{"action":"pipe","consideration_text":"$0.371 per share","effective_date":"2026-05-21","item_codes_triggered":["3.02"],"purchaser":"Min Gan Zhe Investment Limited","security_type":"common_stock","shares_text":"1,347,708 shares"},"claim":"Vestand Inc. issued 1,347,708 shares of common stock to Min Gan Zhe Investment Limited for $0.371 per share.","evidence_excerpt":"“SPA”),\nwherein the Investor agreed to provide the Equity Financing in exchange for 1,347,708 shares of the Company’s Class A Common Stock\n(the “Shares”) at a purchase price of $0.371 per share, representing an approximate 30% discount to the average closing price\nof the Company’s Class A Common Stock over the five consecutive trading days from May 13, 2026","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-025659","anchor_url":"https://secwatch.observer/filing/0001493152-26-025659#claim-1c229ca8c8892df34f6b3bc5f84267b09020bf89","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025659/0001493152-26-025659-index.htm"},{"fact_type":"material_agreement","fact_key":"6656589ad43afe1f264de8f008f14df5087f9205","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-05-28T21:13:21+00:00","payload":{"action":"entry","agreement_name":"Loan 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on May 21, 2026 (the “SPA”), wherein the Investor agreed to provide the Equity Financing in exchange for 1,347,708 shares of the Company’s Class A Common Stock (the “Shares”) at a purchase price of $0.371 per share","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-025659","anchor_url":"https://secwatch.observer/filing/0001493152-26-025659#claim-41c9eb97800428c9a13824d863660036a30515ee","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025659/0001493152-26-025659-index.htm"},{"fact_type":"debt_financing","fact_key":"c9338bd08093d0181e496aba6cf683b4f51cac0e","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-05-28T21:13:21+00:00","payload":{"counterparty":"Min Gan Zhe Investment Limited","effective_date":"2026-05-21","event":"incurrence","instrument_type":"loan","interest_rate_text":"8% per annum","item_codes_triggered":["2.03"],"maturity_text":"November 10, 2026","principal_text":"$500,000"},"claim":"Vestand Inc. incurred loan of $500,000 with Min Gan Zhe Investment Limited at 8% per annum maturing November 10, 2026.","evidence_excerpt":"Hong Kong corporation (the “Investor”) pursuant to which the Investor agreed to provide\nan aggregate financing in the amount of $1,000,000 (the “Financing”), consisting of (i) a $500,000 equity investment in the\nCompany’s Class A Common Stock (the “Equity Financing”) pursuant to a Securities Purchase Agreement, and (ii) a $500,000\nloan (the “Loan”) pursuant to a","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-025659","anchor_url":"https://secwatch.observer/filing/0001493152-26-025659#claim-c9338bd08093d0181e496aba6cf683b4f51cac0e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025659/0001493152-26-025659-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"ab2cf4d07859b38d48cfa05c197175fcd5475d65","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-05-26T21:18:59+00:00","payload":{"company_response":null,"compliance_status":"hearing_requested","cure_deadline":null,"deficiency_type":"late_filing","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2026-05-19","notice_type":"delisting_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["5250(c)(1)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"May 19, 2026, the Company received a Staff Delisting Determination letter (the “Staff Determination”) from Nasdaq notifying\nit that Nasdaq has initiated a process which could result in the delisting of the Company’s secu","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-26-025277","anchor_url":"https://secwatch.observer/filing/0001493152-26-025277#claim-ab2cf4d07859b38d48cfa05c197175fcd5475d65","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025277/0001493152-26-025277-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"c99199aaac3d9f791f510f1945ca9a3987ac2702","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2026-04-29T23:59:59+00:00","payload":{"company_response":"Company expects to submit a compliance plan, working to complete filing of delinquent 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(the “Company”) received a staff deficiency notice (the “Notice”) from The Nasdaq\nStock Market (“Nasdaq”) indicating that, because Nasdaq has not yet received the Company’s Form 10-K for the","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-26-019609","anchor_url":"https://secwatch.observer/filing/0001493152-26-019609#claim-c99199aaac3d9f791f510f1945ca9a3987ac2702","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226019609/0001493152-26-019609-index.htm"},{"fact_type":"material_agreement","fact_key":"f99bc38c92c4c35f66148871087cca249f33eec7","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-12-17T23:59:59+00:00","payload":{"action":"termination","agreement_name":"Confirmation","agreement_type":"other","counterparty":"Open Innovation Fund","effective_date":"2025-12-12","item_codes_triggered":["1.02"],"value_text":"$1,500,000"},"claim":"Vestand Inc. terminated Confirmation with Open Innovation Fund valued at $1,500,000 (effective 2025-12-12).","evidence_excerpt":"and on December 12, 2025, the Investor and the Company executed a Partial Termination Confirmation (the “Confirmation”) regarding the remaining $1,500,000 under the Agreement (the “Unfunded Capital”).","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-028162","anchor_url":"https://secwatch.observer/filing/0001493152-25-028162#claim-f99bc38c92c4c35f66148871087cca249f33eec7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225028162/0001493152-25-028162-index.htm"},{"fact_type":"material_agreement","fact_key":"c5e36c72dbc304d35010e120a8b622751c1efa36","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-12-17T23:59:59+00:00","payload":{"action":"amendment","agreement_name":"Change of Use Amendment","agreement_type":"other","counterparty":"Open Innovation Fund","effective_date":"2025-09-10","item_codes_triggered":["1.01"],"value_text":null},"claim":"Vestand Inc. amended Change of Use Amendment with Open Innovation Fund (effective 2025-09-10).","evidence_excerpt":"On September 10, 2025, the Company and the Investor signed an amendment to the Agreement (the “Change of Use Amendment”) revising the use of proceeds and providing that proceeds may now be used for (i) general operating expenses, (ii) financial restructuring and risk management, (iii) selective growth investments, (iv) funds for acquisition of new businesses, and (v) internal control enforcement and system improvements.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-028162","anchor_url":"https://secwatch.observer/filing/0001493152-25-028162#claim-c5e36c72dbc304d35010e120a8b622751c1efa36","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225028162/0001493152-25-028162-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"0dcbcb409df018d9d48a3d8d0003f141da63b23b","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-12-17T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":"2026-06-10","deficiency_type":"minimum_bid_price","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":"$1.00","notice_date":"2025-12-12","notice_type":"noncompliance_notice","plan_due_date":null,"raw_rule_text":"Nasdaq Listing Rule 5550(a)(2)","reported_value":null,"rule_numbers":["5550(a)(2)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"December 12, 2025, Vestand Inc. (the “Company”) received a written notice (the “Bid Price Notice”) from the Nasdaq\nListing Qualifications Department (the “Nasdaq Staff”) indicating that the Company is not in compliance with the $1.00 minimum\nbid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) for continued listing\non the Nasdaq Capital Market. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s\nClass A Common Stock on the Nasdaq Capital Market under the symbol “VSTD.” The Company is currently m","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-25-028108","anchor_url":"https://secwatch.observer/filing/0001493152-25-028108#claim-0dcbcb409df018d9d48a3d8d0003f141da63b23b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225028108/0001493152-25-028108-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"fced5c23bd57eb9d9e1d642a77389b03811b4ea9","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-12-02T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"plan_due","cure_deadline":null,"deficiency_type":"late_filing","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":false,"minimum_requirement":null,"notice_date":"2025-11-25","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":"Listing Rule 5250(c)(1)","reported_value":null,"rule_numbers":["5250(c)(1)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"November 25, 2025, Vestand Inc. (the “Company”) received a notice (the “Notice”) from Nasdaq Listing Qualifications\n(“Nasdaq”) notifying the Company that as it has not yet filed its Quarterly Report on Form 10-Q for the period ended\nSeptember 30, 2025 (the “Form 10-Q”), the Company no longer complies with Listing Rule 5250(c)(1) for continued listing on\nNasdaq. The Company has 60 calendar days to submit to Nasdaq a plan to regain compliance, and if such plan is accepted, Nasdaq may grant\nthe Company an extension of up to 180 calendar days from the prescribed due date for filing the Form 10-Q","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-025744","anchor_url":"https://secwatch.observer/filing/0001493152-25-025744#claim-fced5c23bd57eb9d9e1d642a77389b03811b4ea9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225025744/0001493152-25-025744-index.htm"},{"fact_type":"auditor_change","fact_key":"c52fd8207652a98cd8f06f9d85a766fbc2b722f2","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-11-07T23:59:59+00:00","payload":{"action":"engagement","auditor_name":"M.N. Vijay Kumar, Chartered Accountant","disagreement_text":null,"effective_date":"2025-11-03","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"Vestand Inc. engaged M.N. Vijay Kumar, Chartered Accountant as its auditor.","evidence_excerpt":"On November 3, 2025, the board of directors (the “Board”) of Vestand Inc. (the “Company”), based on the Company’s Audit Committee recommendation, dismissed BCRG Group (“BCRG”) as its independent registered public accountancy firm, and engaged M.N. Vijay Kumar, Chartered Accountant, as the Company’s new independent registered public accounting firm.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-021298","anchor_url":"https://secwatch.observer/filing/0001493152-25-021298#claim-c52fd8207652a98cd8f06f9d85a766fbc2b722f2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225021298/0001493152-25-021298-index.htm"},{"fact_type":"auditor_change","fact_key":"e9dd40654312455dfbb02bbe5722f86af5a4929d","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-11-07T23:59:59+00:00","payload":{"action":"dismissal","auditor_name":"BCRG Group","disagreement_text":null,"effective_date":"2025-11-03","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":"M.N. Vijay Kumar, Chartered Accountant"},"claim":"Vestand Inc. dismissed BCRG Group as its auditor.","evidence_excerpt":"On November 3, 2025, the board of directors (the “Board”) of Vestand Inc. (the “Company”), based on the Company’s Audit Committee recommendation, dismissed BCRG Group (“BCRG”) as its independent registered public accountancy firm, and engaged M.N. Vijay Kumar, Chartered Accountant, as the Company’s new independent registered public accounting firm.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-25-021298","anchor_url":"https://secwatch.observer/filing/0001493152-25-021298#claim-e9dd40654312455dfbb02bbe5722f86af5a4929d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225021298/0001493152-25-021298-index.htm"},{"fact_type":"auditor_change","fact_key":"2a2f09c1afabd0a16372bddf70c57ccecbc81fb7","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-10-31T23:59:59+00:00","payload":{"action":"non_reliance","auditor_name":null,"disagreement_text":null,"effective_date":"2025-10-29","item_codes_triggered":["4.02"],"non_reliance_signal":"non_reliance","successor_auditor_name":null},"claim":"Vestand Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"ompany is preparing restatements of the Previously Issued Financial Statements to be included in amended Reports to be filed with the\nSEC. To\nassist with the Board’s investigation into possible inaccurate disclosures, inconsistent record-keeping, and other actions (the\n“Investigation”) of the Company’s past executive management, the Board engaged Oh & Chung to conduct a review of\ncertain financial disbursements, intercompany balances, and related journal entries. On October 21, 2025, Oh & Chung issued the Independent\nAccountant’s Report which identified inconsistencies, missing information and documentation, and other inaccuracies in the Company’s\nPreviously Issued Financial Statements (the “Inaccuracies”). The Audit Committee reviewed the Independent Accountant’s\nReport and identified the following five key areas for a fact-finding review: 1. 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(the “Company”) has changed its corporate name to Vestand Inc. effective August 28, 2025. The change will take place with Nasdaq on September 3, 2025. 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As a result, the hearing scheduled\nfor April 1, 2025 has been cancelled and the Company’s securities will continue to be listed and traded on The Nasdaq Stock Market. Forward-Looking\nStatements This\ncurrent report contains “forward-looking statements” within the meaning of the U.S. federal securities laws. Forward-looking\nstatements can be identified by words such as “projects,” “may,” “will,” “could,” “would,”\n“should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,”\n“plans,” “poten","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001641172-25-001671","anchor_url":"https://secwatch.observer/filing/0001641172-25-001671#claim-5bdb6bc971d7a2000f1eb364a96d55dd864bb4d2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225001671/0001641172-25-001671-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"c7f288929921ae995e5e003bfb22a7fa5d3bbb1e","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-03-25T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"regained_compliance","cure_deadline":null,"deficiency_type":"stockholders_equity","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2025-03-25","notice_type":"compliance_regained","plan_due_date":null,"raw_rule_text":"stockholders' equity requirement","reported_value":null,"rule_numbers":["5550(b)(1)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq compliance regained notice regarding stockholders equity (rules 5550(b)(1)).","evidence_excerpt":"ions Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has scheduled the Company’s\nsecurities for delisting from The Nasdaq Capital Market. This Letter was sent pursuant to an earlier notification letter warning the\nCompany that it was out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders’ equity\nof at least $2,500,000 for continued listing, or to meet the alternatives of market value of listed securities or net income from continuing\noperations. The\nCompany was provided an opportunity to provide Nasdaq with a specific","confidence":0.85,"filing_url":"https://secwatch.observer/filing/0001641172-25-000620","anchor_url":"https://secwatch.observer/filing/0001641172-25-000620#claim-c7f288929921ae995e5e003bfb22a7fa5d3bbb1e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225000620/0001641172-25-000620-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"ee62d8dba97e08a80498fd9bb34157ae43f79ee0","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-03-25T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"hearing_requested","cure_deadline":null,"deficiency_type":"stockholders_equity","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2025-02-18","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":"Listing Rule 5550(b)(1)","reported_value":null,"rule_numbers":["5550(b)(1)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).","evidence_excerpt":"February 18, 2025, the Company received a notification letter (the “Letter”) from the Nasdaq Listing\nQualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has scheduled the Company’s\nsecurities for delisting from The Nasdaq Capital Market. This Letter was sent pursuant to an earlier notification letter warning the\nCompany that it was out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders’ equity\nof at least $2,500,000 for continued listing, or to meet the alternatives of market value of listed securities or n","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001641172-25-000620","anchor_url":"https://secwatch.observer/filing/0001641172-25-000620#claim-ee62d8dba97e08a80498fd9bb34157ae43f79ee0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225000620/0001641172-25-000620-index.htm"},{"fact_type":"executive_change","fact_key":"5a27900b3a","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-03-21T23:59:59+00:00","payload":{"action":"departed","action_category":"departure","departure_tone":"routine","effective_date":"2025-03-17","interim":false,"role":"Director","role_category":"director","successor_name":"Sungjoon Chae","successor_named":true},"claim":"Jay Kim departed as Director at Vestand Inc..","evidence_excerpt":"the departure of Mr. Jay Kim","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-25-011133","anchor_url":"https://secwatch.observer/filing/0001493152-25-011133#claim-5a27900b3a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225011133/0001493152-25-011133-index.htm"},{"fact_type":"executive_change","fact_key":"00c508f824","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-03-21T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-03-17","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Sungjoon Chae was appointed as Director at Vestand Inc..","evidence_excerpt":"appointed Mr. Sungjoon Chae to fill the vacancy on the Board","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001493152-25-011133","anchor_url":"https://secwatch.observer/filing/0001493152-25-011133#claim-00c508f824","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225011133/0001493152-25-011133-index.htm"},{"fact_type":"executive_change","fact_key":"9787ff4de2","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2025-02-20T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2025-02-13","interim":false,"role":"independent director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Jay Kim resigned as independent director at Vestand Inc..","evidence_excerpt":"On February 13, 2025, independent director Jay Kim provided the Board of Directors (the “Board”) of Yoshiharu Global Co., a Delaware corporation (the “Company”), with his formal resignation from the Board and all committees thereof, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-25-007648","anchor_url":"https://secwatch.observer/filing/0001493152-25-007648#claim-9787ff4de2","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225007648/0001493152-25-007648-index.htm"},{"fact_type":"ma_transaction","fact_key":"35780d1a3bbae9612868742f27dde246d2856d09","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-09-04T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2024-06-12","consideration_text":"$3.6 million","counterparty":"Jiyuck Hwang","effective_date":"2024-06-12","item_codes_triggered":["2.01"]},"claim":"Vestand Inc. completed an acquisition involving Jiyuck Hwang for $3.6 million (closed 2024-06-12).","evidence_excerpt":"On June 12, 2024, the Company closed the Acquisition described in Item 1.01 above for an aggregate $3.6 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-035019","anchor_url":"https://secwatch.observer/filing/0001493152-24-035019#claim-35780d1a3bbae9612868742f27dde246d2856d09","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224035019/0001493152-24-035019-index.htm"},{"fact_type":"ma_transaction","fact_key":"526c44b38142129568637fc5d8ecc3d44098fd3e","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-08-26T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2024-06-12","consideration_text":"$1,800,000 in cash, a promissory note in the principal amount of $600,000 and a convertible note having a principal amount of $1,200,000","counterparty":"Mr. Jiyuck Hwang","effective_date":"2024-04-20","item_codes_triggered":["2.01"]},"claim":"Vestand Inc. completed an acquisition involving Mr. Jiyuck Hwang for $1,800,000 in cash, a promissory note in the principal amount of $600,000 and a convertible note having a principal amount of $1,200,000 (closed 2024-06-12).","evidence_excerpt":"or substantially all of the assets of the following three restaurant entities owned\nby the Seller: Jjanga, HJH and Aku (the “Acquisition”). The Company agreed to pay the Seller $1,800,000 in cash, a promissory\nnote in the principal amount of $600,000 (the “Promissory Note”) and a convertible note having a principal amount of $1,200,000\nwhich shall be convertible","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001493152-24-033889","anchor_url":"https://secwatch.observer/filing/0001493152-24-033889#claim-526c44b38142129568637fc5d8ecc3d44098fd3e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224033889/0001493152-24-033889-index.htm"},{"fact_type":"ma_transaction","fact_key":"6c75eefef806169cb2d2a1b73603e2cdfd87bb8c","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-07-05T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2024-06-12","consideration_text":"$1,800,000 in cash, a promissory note in the principal amount of $600,000 and a convertible note having a principal amount of $1,200,000","counterparty":"Mr. Jiyuck Hwang","effective_date":"2024-04-20","item_codes_triggered":["2.01"]},"claim":"Vestand Inc. completed an acquisition involving Mr. Jiyuck Hwang for $1,800,000 in cash, a promissory note in the principal amount of $600,000 and a convertible note having a principal amount of $1,200,000 (closed 2024-06-12).","evidence_excerpt":"or substantially all of the assets of the following three restaurant entities owned\nby the Seller: Jjanga, HJH and Aku (the “Acquisition”). The Company agreed to pay the Seller $1,800,000 in cash, a promissory\nnote in the principal amount of $600,000 (the “Promissory Note”) and a convertible note having a principal amount of $1,200,000\nwhich shall be convertible","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-24-026396","anchor_url":"https://secwatch.observer/filing/0001493152-24-026396#claim-6c75eefef806169cb2d2a1b73603e2cdfd87bb8c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224026396/0001493152-24-026396-index.htm"},{"fact_type":"ma_transaction","fact_key":"96dd0bd0178f07fac931547e678bec83f32437b4","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-06-17T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2024-06-12","consideration_text":"$3.6 million","counterparty":"Mr. Jiyuck Hwang","effective_date":"2024-04-20","item_codes_triggered":["2.01"]},"claim":"Vestand Inc. completed an acquisition involving Mr. Jiyuck Hwang for $3.6 million (closed 2024-06-12).","evidence_excerpt":"On June 12, 2024, the Company closed the Acquisition described in Item 1.01 above for an aggregate $3.6 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-024072","anchor_url":"https://secwatch.observer/filing/0001493152-24-024072#claim-96dd0bd0178f07fac931547e678bec83f32437b4","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224024072/0001493152-24-024072-index.htm"},{"fact_type":"auditor_change","fact_key":"6ea4cb349bd9f65975860d9cf65f8598e2fa851e","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-05-17T23:59:59+00:00","payload":{"action":"engagement","auditor_name":"BCRG Group","disagreement_text":null,"effective_date":"2024-05-16","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"Vestand Inc. engaged BCRG Group as its auditor.","evidence_excerpt":"On May 16, 2024, the Committee approved the engagement of BCRG Group (\"BCRG\") as the Company's new independent registered public accounting firm.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-020470","anchor_url":"https://secwatch.observer/filing/0001493152-24-020470#claim-6ea4cb349bd9f65975860d9cf65f8598e2fa851e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224020470/0001493152-24-020470-index.htm"},{"fact_type":"auditor_change","fact_key":"a352377b3bce6a9a7468bb2f127f310298a84c88","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-05-17T23:59:59+00:00","payload":{"action":"dismissal","auditor_name":"BF Borgers CPA PC","disagreement_text":null,"effective_date":"2024-05-07","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":"BCRG Group"},"claim":"Vestand Inc. dismissed BF Borgers CPA PC as its auditor.","evidence_excerpt":"on May 7, 2024, unanimously approved to dismiss, and dismissed Borgers as the Company's independent registered public accounting firm.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-020470","anchor_url":"https://secwatch.observer/filing/0001493152-24-020470#claim-a352377b3bce6a9a7468bb2f127f310298a84c88","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224020470/0001493152-24-020470-index.htm"},{"fact_type":"auditor_change","fact_key":"9209d67cb55e7eeadbfd579935109a397b7549f9","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-05-08T23:59:59+00:00","payload":{"action":"dismissal","auditor_name":"BF Borgers CPA, P.C.","disagreement_text":null,"effective_date":"2024-05-07","item_codes_triggered":["4.01"],"non_reliance_signal":"none","successor_auditor_name":null},"claim":"Vestand Inc. dismissed BF Borgers CPA, P.C. as its auditor.","evidence_excerpt":"dismissed BF Borgers CPA, P.C. (\"BFB\") as the Company’s independent registered public accounting firm","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-24-018185","anchor_url":"https://secwatch.observer/filing/0001493152-24-018185#claim-9209d67cb55e7eeadbfd579935109a397b7549f9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224018185/0001493152-24-018185-index.htm"},{"fact_type":"material_agreement","fact_key":"042ce4493e612b44784974616aad6c8708b46619","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2024-01-10T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Securities Purchase Agreement","agreement_type":"equity_purchase","counterparty":"Alumni Capital LP","effective_date":"2024-01-05","item_codes_triggered":["1.01"],"value_text":"up to an aggregate of $5,000,000"},"claim":"Vestand Inc. entered into Securities Purchase Agreement with Alumni Capital LP valued at up to an aggregate of $5,000,000 (effective 2024-01-05).","evidence_excerpt":"On January 5, 2024, Yoshiharu Global Co. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Alumni Capital LP, a Delaware limited partnership, an “accredited investor,” as defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”) (the “Investor”), which provides that, upon the terms and subject to the conditions and limitations set forth therein, the Company has the right, but not the obligation, to sell to the Investor, and the Investor is obligated to purchase, up to an aggregate of $5,000,000 in shares of the Company’s class A common stock, par value $0.0001 per share (“Common Stock”).","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-24-001969","anchor_url":"https://secwatch.observer/filing/0001493152-24-001969#claim-042ce4493e612b44784974616aad6c8708b46619","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224001969/0001493152-24-001969-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"7ae07ed7226c6ece33b1ee635186eedb182ee76f","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-12-07T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":null,"deficiency_type":"other","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2023-12-01","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["5550(a)(4)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq deficiency notice notice regarding other (rules 5550(a)(4)).","evidence_excerpt":"December 1, 2023, Yoshiharu Global Co., a Delaware corporation (the “Company”), received a notification letter from the Nasdaq\nListing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company no longer meets\nthe minimum 500,000 publicly held shares requirement for continued listing on The Nasdaq Capital Market set forth in Nasdaq Listing Rule\n5550(a)(4). The notification received has no immediate effect on the listing of the Company’s common stock on Nasdaq. Under\nNasdaq Listing Rules, the Company has until January 16, 2024 to provide Nasdaq with a","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-044027","anchor_url":"https://secwatch.observer/filing/0001493152-23-044027#claim-7ae07ed7226c6ece33b1ee635186eedb182ee76f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223044027/0001493152-23-044027-index.htm"},{"fact_type":"material_agreement","fact_key":"cbc998cb4efa995ed110721a8cfc199e64f0624d","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-11-27T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Asset Agreement","agreement_type":"asset_purchase","counterparty":"Mr. Jiyuck Hwang","effective_date":"2023-11-21","item_codes_triggered":["1.01"],"value_text":"$3.6 million"},"claim":"Vestand Inc. entered into Asset Agreement with Mr. Jiyuck Hwang valued at $3.6 million (effective 2023-11-21).","evidence_excerpt":"On November 21, 2023, Yoshiharu Global Co. (the “Company”) entered into an asset purchase agreement (the “Asset Agreement”) with Mr. Jiyuck Hwang, a restaurant operator (“Seller”) to acquire certain Las Vegas restaurant assets held by Jjanga LLC, HJH LLC and Ramen Aku LLC for an aggregate $3.6 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-042800","anchor_url":"https://secwatch.observer/filing/0001493152-23-042800#claim-cbc998cb4efa995ed110721a8cfc199e64f0624d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042800/0001493152-23-042800-index.htm"},{"fact_type":"governance_change","fact_key":"a45b6451ce2a1cc0ff3e46eab59281671068ace0","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-11-24T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2023-11-27","item_codes_triggered":["5.03"],"summary_text":"Filed Certificate of Amendment to effect a 1-for-10 reverse stock split of Class A and Class B common stock, effective November 27, 2023."},"claim":"Vestand Inc.: Filed Certificate of Amendment to effect a 1-for-10 reverse stock split of Class A and Class B common stock, effective November 27, 2023 (effective 2023-11-27).","evidence_excerpt":"On November 22, 2023, Yoshiharu Global Co. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of its issued Class A common stock, par value $0.0001 per share (“Class A Common Stock”) and Class B common stock, par value $0.0001 per share (“Class B Common Stock” and, together with Class A common Stock, “Common Stock”), in the ratio of 1-for-10 (the “Reverse Stock Split”) to be effective at 11:59 p.m. eastern on November 27, 2023.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-042596","anchor_url":"https://secwatch.observer/filing/0001493152-23-042596#claim-a45b6451ce2a1cc0ff3e46eab59281671068ace0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042596/0001493152-23-042596-index.htm"},{"fact_type":"shareholder_vote","fact_key":"ec3ccd4cab25fb0c4d810773d83679bdb9cfa35b","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-11-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-11-20","outcome":"passed","proposal_text":"Approval of a reverse stock split of the Class A Common Stock and Class B Common Stock at a ratio of not more than 1-for-40, such ratio to be determined by the Board of Directors on or prior to December 31, 2023","proposal_type":"reverse_split","results":[{"broker_non_votes":"—","subject":null,"votes_abstain":"112","votes_against":"176,228","votes_for":"17,484,450","votes_withheld":null}]},"claim":"Vestand Inc. shareholders approved Approval of a reverse stock split of the Class A Common Stock and Class B Common Stock at a ratio of not more than 1-for-40, such ratio to be determined by the Board of Directors on or prior to December 31, 2023 at the 2023-11-20 meeting.","evidence_excerpt":"The Company’s stockholders approved a reverse stock split of the Class A Common Stock and Class B Common Stock at a ratio of 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: Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 17,484,450 176,228 112 —","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-042596","anchor_url":"https://secwatch.observer/filing/0001493152-23-042596#claim-ec3ccd4cab25fb0c4d810773d83679bdb9cfa35b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042596/0001493152-23-042596-index.htm"},{"fact_type":"shareholder_vote","fact_key":"ab13b4b6b9b26cc89425d3ae0eb552399df266bf","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-11-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-11-20","outcome":"passed","proposal_text":"Ratification of the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024","proposal_type":"auditor_ratification","results":[{"broker_non_votes":"—","subject":null,"votes_abstain":"35,892","votes_against":"7,164","votes_for":"17,617,734","votes_withheld":null}]},"claim":"Vestand Inc. shareholders approved Ratification of the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2023-11-20 meeting.","evidence_excerpt":"The Company’s stockholders ratified the appointment of BF Borgers CPA PC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, based upon the following votes: Votes AGAINST Votes ABSTAINED BROKER NON-VOTES 17,617,734 7,164 35,892 —","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-042596","anchor_url":"https://secwatch.observer/filing/0001493152-23-042596#claim-ab13b4b6b9b26cc89425d3ae0eb552399df266bf","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042596/0001493152-23-042596-index.htm"},{"fact_type":"shareholder_vote","fact_key":"4dbfdb95494ecfaf4a32c5c61e4640da9f0675f7","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-11-24T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-11-20","outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":null,"subject":"James Chae","votes_abstain":null,"votes_against":null,"votes_for":"17,574,189","votes_withheld":"86,601"},{"broker_non_votes":null,"subject":"Jay Kim","votes_abstain":null,"votes_against":null,"votes_for":"17,573,568","votes_withheld":"87,222"},{"broker_non_votes":null,"subject":"Harinne Kim","votes_abstain":null,"votes_against":null,"votes_for":"17,599,684","votes_withheld":"61,106"},{"broker_non_votes":null,"subject":"Yusil Yeo","votes_abstain":null,"votes_against":null,"votes_for":"17,569,360","votes_withheld":"91,430"}]},"claim":"Vestand Inc. shareholders approved Election of Directors at the 2023-11-20 meeting.","evidence_excerpt":"The Company’s stockholders elected James Chae, Jay Kim, Harinne Kim and Yusil Yeo to the Company’s Board of Directors, to hold office until the 2024 annual meeting of stockholders or until his or her successor shall have been duly elected or appointed and qualify, based upon the following votes: Nominee Votes WITHHELD James Chae 17,574,189 86,601 Jay Kim 17,573,568 87,222 Harinne Kim 17,599,684 61,106 Yusil Yeo 17,569,360 91,430","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-042596","anchor_url":"https://secwatch.observer/filing/0001493152-23-042596#claim-4dbfdb95494ecfaf4a32c5c61e4640da9f0675f7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042596/0001493152-23-042596-index.htm"},{"fact_type":"exchange_compliance_notice","fact_key":"42b1090239d0464d7dc77a5bee1b5af3688d4a14","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-06-27T23:59:59+00:00","payload":{"company_response":null,"compliance_status":"deficient","cure_deadline":null,"deficiency_type":"minimum_bid_price","delisting_effective_date":null,"exchange":"nasdaq","hearing_date":null,"immediate_listing_effect":null,"minimum_requirement":null,"notice_date":"2023-06-16","notice_type":"deficiency_notice","plan_due_date":null,"raw_rule_text":null,"reported_value":null,"rule_numbers":["5550(a)(2)","5810(c)(3)(A)"],"rules_cited_in_text":true},"claim":"Vestand Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).","evidence_excerpt":"June 16, 2023, Yoshiharu Global Co., a Delaware corporation (the “Company”) received a notification letter from the Nasdaq\nListing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per\nshare for its common stock has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets\nthe minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2). The notification received has no immediate effect on\nthe listing of the Company’s common stock on Nasdaq. Under Nasdaq Listing Rule 5810(c","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001493152-23-022601","anchor_url":"https://secwatch.observer/filing/0001493152-23-022601#claim-42b1090239d0464d7dc77a5bee1b5af3688d4a14","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223022601/0001493152-23-022601-index.htm"},{"fact_type":"executive_change","fact_key":"98f044535f","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-02-22T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-02-17","interim":false,"role":"director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Harinne Kim was appointed as director at Vestand Inc..","evidence_excerpt":"the Board appointed Ms. Harinne Kim as a director of the Company, effective immediately, to fill the vacancy created by Helen Lee’s resignation","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-005738","anchor_url":"https://secwatch.observer/filing/0001493152-23-005738#claim-98f044535f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223005738/0001493152-23-005738-index.htm"},{"fact_type":"executive_change","fact_key":"1bd63fbc86","cik":1898604,"ticker":"VSTD","company_name":"Vestand Inc.","filed_at":"2023-02-22T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2023-02-17","interim":false,"role":"independent director","role_category":"director","successor_name":"Harinne Kim","successor_named":true},"claim":"Helen Lee resigned as independent director at Vestand Inc..","evidence_excerpt":"accepted independent director Helen Lee’s formal resignation, effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001493152-23-005738","anchor_url":"https://secwatch.observer/filing/0001493152-23-005738#claim-1bd63fbc86","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223005738/0001493152-23-005738-index.htm"}]}