{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-024072","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2024-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.137187+00:00","generated_at":"2026-06-01T04:10:55.191083+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Yoshiharu closes acquisition of 3 Las Vegas restaurants for $3.6M","bullets":["Acquired three restaurant entities (Jjanga, HJH, Ramen Aku) from Jiyuck Hwang for $3.6M total.","Consideration: $1.8M cash, $600K promissory note (0% interest, two annual installments), $1.2M convertible note (0.5% interest).","Seller to serve as Managing Director under 3-year employment agreement with $180K base salary and performance-based RSUs.","Acquired restaurants expected to generate $6M in annual revenue; company targets break-even in H2 2024 and profitability in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-024072","json":"https://secwatch.observer/filing/0001493152-24-024072.json","markdown":"https://secwatch.observer/filing/0001493152-24-024072.md","text":"https://secwatch.observer/filing/0001493152-24-024072.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224024072/0001493152-24-024072-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224024072/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T04:10:55.191083+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":"96dd0bd0178f07fac931547e678bec83f32437b4","claim":"Vestand Inc. completed an acquisition involving Mr. Jiyuck Hwang for $3.6 million (closed 2024-06-12).","evidence_excerpt":"On June 12, 2024, the Company closed the Acquisition described in Item 1.01 above for an aggregate $3.6 million.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224024072/0001493152-24-024072-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Mr. Jiyuck Hwang"},{"label":"Consideration","value":"$3.6 million"},{"label":"Closing","value":"2024-06-12"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}