Yoshiharu Global enters $5M equity purchase agreement with Alumni Capital at discount

Vestand Inc.

Securities Purchase Agreement allows Yoshiharu to sell up to $5M of common stock to Alumni Capital LP at 85% or 96% of lowest 5-day trading price.
Company issued 24,950 commitment shares as consideration; half delivered immediately, half upon registration effectiveness.
Sales capped at 237,885 shares (19.99% of outstanding) unless stockholder approval obtained; beneficial ownership limit of 9.99% for investor.
Financing provides working capital flexibility with dilutive potential for existing shareholders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

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).

Action: entry
Agreement: equity purchase
Counterparty: Alumni Capital LP
Value: up to an aggregate of $5,000,000
Effective: 2024-01-05

Exact text from the filing

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”).

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Vestand Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-001969

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