{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-25-001968","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2025-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.523386+00:00","generated_at":"2026-05-28T03:59:24.402603+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Yoshiharu Global enters $10M ELOC and $1.1M convertible note with Crom Fund","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-25-001968","json":"https://secwatch.observer/filing/0001493152-25-001968.json","markdown":"https://secwatch.observer/filing/0001493152-25-001968.md","text":"https://secwatch.observer/filing/0001493152-25-001968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225001968/0001493152-25-001968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315225001968/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T03:59:24.402603+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}