{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-026396","form_type":"8-K/A","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2024-07-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.147897+00:00","generated_at":"2026-05-31T23:24:58.556863+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Yoshiharu closes $3.6M acquisition of three Las Vegas restaurants; expects $6M annual revenue","bullets":["Acquired Jjanga, HJH, and Ramen Aku for $1.8M cash, $0.6M promissory note, $1.2M convertible note (convertible to YOSH shares).","Seller Jiyuck Hwang to serve as Managing Director under 3-year employment agreement with $180K base salary plus performance bonus.","Acquired restaurants generated $5.73M revenue in 2023 (net income $298.6K); combined net assets negative $519.6K at year-end.","Yoshiharu expects $6M annual revenue from acquired units, breakeven in H2 2024, and profitability in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-026396","json":"https://secwatch.observer/filing/0001493152-24-026396.json","markdown":"https://secwatch.observer/filing/0001493152-24-026396.md","text":"https://secwatch.observer/filing/0001493152-24-026396.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224026396/0001493152-24-026396-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224026396/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T23:24:58.556863+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":"6c75eefef806169cb2d2a1b73603e2cdfd87bb8c","claim":"Vestand Inc. completed an acquisition involving Mr. Jiyuck Hwang for $1,800,000 in cash, a promissory note in the principal amount of $600,000 and a convertible note having a principal amount of $1,200,000 (closed 2024-06-12).","evidence_excerpt":"or substantially all of the assets of the following three restaurant entities owned by the Seller: Jjanga, HJH and Aku (the “Acquisition”). The Company agreed to pay the Seller $1,800,000 in cash, a promissory note in the principal amount of $600,000 (the “Promissory Note”) and a convertible note having a principal amount of $1,200,000 which shall be convertible","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224026396/0001493152-24-026396-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Mr. Jiyuck Hwang"},{"label":"Consideration","value":"$1,800,000 in cash, a promissory note in the principal amount of $600,000 and a convertible note having a principal amount of $1,200,000"},{"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"}