---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-035019"
form_type: "8-K/A"
ticker: "VSTD"
cik: "0001898604"
company_name: "Vestand Inc."
filed_at: "2024-09-04T23:59:59+00:00"
generated_at: "2026-05-31T06:30:20.022254+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Acquired assets of Jjanga, HJH, Ramen Aku for $3.6M ($1.8M cash + $600K note + $1.2M convertible note).
- Seller Jiyuck Hwang becomes managing director; annual salary $180K plus RSUs up to $100K.
- Acquired entities had combined revenue $5.7M in 2023, net income $299K, but accumulated deficit $4.9M.
- CEO expects acquired restaurants to generate $6M annual revenue, achieving breakeven in H2 2024 and profitability in 2025.
- Filing amends prior 8-K to correct errors in combined financial statements (Exhibits 99.2-99.4).

## SEC filing metadata
- accession: 0001493152-24-035019
- form_type: 8-K/A
- ticker: VSTD
- cik: 0001898604
- company_name: Vestand Inc.
- filed_at: 2024-09-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898604/000149315224035019/0001493152-24-035019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898604/000149315224035019/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-035019
- JSON: https://secwatch.observer/filing/0001493152-24-035019.json
- Plain text: https://secwatch.observer/filing/0001493152-24-035019.txt

## Key facts
- M&A Transactions
  Vestand Inc. completed an acquisition involving Jiyuck Hwang for $3.6 million (closed 2024-06-12).
  - Action: acquisition
  - Counterparty: 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/1898604/000149315224035019/0001493152-24-035019-index.htm

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