---
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"
generated_at: "2026-05-28T03:59:24.402603+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Yoshiharu Global enters $10M ELOC and $1.1M convertible note with Crom Fund

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-001968
- JSON: https://secwatch.observer/filing/0001493152-25-001968.json
- Plain text: https://secwatch.observer/filing/0001493152-25-001968.txt

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