---
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"
generated_at: "2026-06-01T04:10:55.191083+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Yoshiharu closes acquisition of 3 Las Vegas restaurants for $3.6M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-024072
- JSON: https://secwatch.observer/filing/0001493152-24-024072.json
- Plain text: https://secwatch.observer/filing/0001493152-24-024072.txt

## Key facts
- M&A Transactions
  Vestand Inc. completed an acquisition involving Mr. Jiyuck Hwang for $3.6 million (closed 2024-06-12).
  - Action: acquisition
  - Counterparty: Mr. Jiyuck Hwang
  - Consideration: $3.6 million
  - Closing: 2024-06-12
  source text: On June 12, 2024, the Company closed the Acquisition described in Item 1.01 above for an aggregate $3.6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000149315224024072/0001493152-24-024072-index.htm

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