debt
confidence high
sentiment neutral
materiality 0.70
Yoshiharu Global enters $10M ELOC and $1.1M convertible note with Crom Fund
Vestand Inc.
- ELOC: Company may sell up to $10M of common stock at 93% of lowest 5-day VWAP; term ends Jan 2027.
- Convertible note: $1.1M principal (10% OID), $1M purchase price; convertible at lesser of $5 or 90% of lowest 5-day VWAP.
- Note matures Jan 2026; default triggers 115% penalty plus interest up to 18%.
- Commitment fee of 31,948 shares paid to investor; registration must be filed within 30 days, effective within 90 days.
- Proceeds from ELOC must be applied up to 30% to repay note at investor's option.