---
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"
generated_at: "2026-06-07T21:41:31.571679+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Yoshiharu Global acquires three Las Vegas restaurant assets for $3.6M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-042800
- JSON: https://secwatch.observer/filing/0001493152-23-042800.json
- Plain text: https://secwatch.observer/filing/0001493152-23-042800.txt

## Key facts
- Material Agreements
  Vestand Inc. entered into Asset Agreement with Mr. Jiyuck Hwang valued at $3.6 million (effective 2023-11-21).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Mr. Jiyuck Hwang
  - Value: $3.6 million
  - Effective: 2023-11-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1898604/000149315223042800/0001493152-23-042800-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.