{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-042800","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2023-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.344702+00:00","generated_at":"2026-06-07T21:41:31.571679+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Yoshiharu Global acquires three Las Vegas restaurant assets for $3.6M","bullets":["Purchase price of $3.6M: $1.8M cash, $600K promissory note (no interest, due Nov 2024/2025), $1.2M convertible note (0.5% interest, one-year maturity).","Assets acquired from Jjanga LLC, HJH LLC, and Ramen Aku LLC, operated by seller Jiyuck Hwang.","Convertible note conversion price set at 150% of average high/low stock price for five days after closing; seller may choose cash if stock price is lower.","Seller Jiyuck Hwang to serve as Managing Director of the new Las Vegas restaurants under a 3-year employment agreement with $180K base salary and up to $100K in RSUs.","Employment agreement has 60-day notice termination clause; no severance upon termination."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-042800","json":"https://secwatch.observer/filing/0001493152-23-042800.json","markdown":"https://secwatch.observer/filing/0001493152-23-042800.md","text":"https://secwatch.observer/filing/0001493152-23-042800.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042800/0001493152-23-042800-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042800/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:41:31.571679+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cbc998cb4efa995ed110721a8cfc199e64f0624d","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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315223042800/0001493152-23-042800-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Mr. Jiyuck Hwang"},{"label":"Value","value":"$3.6 million"},{"label":"Effective","value":"2023-11-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}