---
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"
generated_at: "2026-05-31T07:44:19.078941+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Yoshiharu Global closes $3.6M acquisition of 3 Las Vegas restaurants; expects $6M annual revenue

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-033889
- JSON: https://secwatch.observer/filing/0001493152-24-033889.json
- Plain text: https://secwatch.observer/filing/0001493152-24-033889.txt

## Key facts
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: Mr. Jiyuck Hwang
  - Consideration: $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
  - Closing: 2024-06-12
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1898604/000149315224033889/0001493152-24-033889-index.htm

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