secwatch.observer — SEC 8-K summary
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Issuer:     Vestand Inc. (VSTD)
CIK:        0001898604
Form:       8-K
Filed at:   2023-11-24T23:59:59+00:00
Accession:  0001493152-23-042596
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Yoshiharu Global announces 1-for-10 reverse stock split to regain Nasdaq compliance
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- Reverse stock split effective 11:59 p.m. ET Nov 27, 2023; shares trade split-adjusted from Nov 28.
- Class A shares reduce from 11,940,000 to 1,194,000; Class B from 1,000,000 to 100,000 shares.
- Reverse split aims to meet Nasdaq $1.00 minimum bid price requirement and maintain listing.
- Stockholders approved split at Nov 20 annual meeting; Board set ratio at 1-for-10.
- No fractional shares issued; fractional interests rounded up to whole share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898604/000149315223042596/0001493152-23-042596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898604/000149315223042596/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-042596

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