secwatch.observer — SEC 8-K summary
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Issuer:     Vestand Inc. (VSTD)
CIK:        0001898604
Form:       8-K
Filed at:   2024-01-10T23:59:59+00:00
Accession:  0001493152-24-001969
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898604/000149315224001969/0001493152-24-001969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898604/000149315224001969/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-001969

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