---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-028162"
form_type: "8-K"
ticker: "VSTD"
cik: "0001898604"
company_name: "Vestand Inc."
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:57:10.505659+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-028162
- form_type: 8-K
- ticker: VSTD
- cik: 0001898604
- company_name: Vestand Inc.
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898604/000149315225028162/0001493152-25-028162-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898604/000149315225028162/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-028162
- JSON: https://secwatch.observer/filing/0001493152-25-028162.json
- Plain text: https://secwatch.observer/filing/0001493152-25-028162.txt

## Key facts
- Material Agreements
  Vestand Inc. amended Change of Use Amendment with Open Innovation Fund (effective 2025-09-10).
  - Action: amendment
  - Counterparty: Open Innovation Fund
  - Effective: 2025-09-10
  source text: On September 10, 2025, the Company and the Investor signed an amendment to the Agreement (the “Change of Use Amendment”) revising the use of proceeds and providing that proceeds may now be used for (i) general operating expenses, (ii) financial restructuring and risk management, (iii) selective growth investments, (iv) funds for acquisition of new businesses, and (v) internal control enforcement and system improvements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000149315225028162/0001493152-25-028162-index.htm
- Material Agreements
  Vestand Inc. terminated Confirmation with Open Innovation Fund valued at $1,500,000 (effective 2025-12-12).
  - Action: termination
  - Counterparty: Open Innovation Fund
  - Value: $1,500,000
  - Effective: 2025-12-12
  source text: and on December 12, 2025, the Investor and the Company executed a Partial Termination Confirmation (the “Confirmation”) regarding the remaining $1,500,000 under the Agreement (the “Unfunded Capital”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1898604/000149315225028162/0001493152-25-028162-index.htm

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