{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-033889","form_type":"8-K/A","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2024-08-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.148143+00:00","generated_at":"2026-05-31T07:44:19.078941+00:00","sec_items":["1.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Yoshiharu Global closes $3.6M acquisition of 3 Las Vegas restaurants; expects $6M annual revenue","bullets":["Aggregate purchase price $3.6M: $1.8M cash, $600K promissory note (corrected maturity dates), $1.2M convertible note.","Seller Jiyuck Hwang named Managing Director of acquired restaurants; $180k base salary plus performance bonus up to $100k RSUs.","Combined 2023 revenue of Jjanga, HJH, Ramen Aku was $5.73M with net income $299k; 2022 revenue $5.43M, net income $857k.","Promissory note repayment dates changed from Nov 30, 2024 and 2025 to April 12, 2025 and 2026 to correct errors.","Press release guidance: $6M annual revenue from acquired stores expected in 2024; anticipates breakeven in H2 2024 and profitability in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-033889","json":"https://secwatch.observer/filing/0001493152-24-033889.json","markdown":"https://secwatch.observer/filing/0001493152-24-033889.md","text":"https://secwatch.observer/filing/0001493152-24-033889.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224033889/0001493152-24-033889-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315224033889/form8-ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T07:44:19.078941+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":"526c44b38142129568637fc5d8ecc3d44098fd3e","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/1898604/000149315224033889/0001493152-24-033889-index.htm","confidence":0.99,"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"}