Vestand amends convertible note use of proceeds; remaining $1.5M funding terminated

Vestand Inc.

Amendment allows proceeds to be used for general operations, restructuring, growth investments, acquisitions, and internal controls.
Originally $4.4M convertible note from Open Innovation Fund was restricted to California real estate.
First tranche of $2.9M funded; investor and company mutually terminated commitment for unfunded $1.5M.
Partial Termination Confirmation executed Dec 12, 2025; all other terms for funded capital remain.
Filing was inadvertently late; filed Dec 17, 2025.

item 1.01item 1.02item 9.01

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