{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-025277","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2026-05-26T21:18:59+00:00","discovered_at":"2026-05-26T21:20:00.295238+00:00","generated_at":"2026-05-26T21:21:25.622130+00:00","sec_items":["3.01","7.01","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.85,"confidence":"high","headline":"Vestand receives Nasdaq delisting notice for late quarterly and annual filings","bullets":["Nasdaq Staff Determination on May 19, 2026 for failure to file 10-Q (Sep 2025), 10-K (2025), and 10-Q (Mar 2026).","Company filed hearing request on May 22, 2026; hearing typically scheduled 30-45 days after request.","Automatic 15-day stay from suspension granted with hearing request; further stay requested pending hearing.","If appeal fails, Class A common stock may be delisted from Nasdaq and become eligible for OTC trading.","Delinquent reports: 10-Q for Sep 2025, 10-K for 2025, and 10-Q for Mar 2026 remain unfiled."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-025277","json":"https://secwatch.observer/filing/0001493152-26-025277.json","markdown":"https://secwatch.observer/filing/0001493152-26-025277.md","text":"https://secwatch.observer/filing/0001493152-26-025277.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025277/0001493152-26-025277-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025277/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T21:21:25.622130+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":[{"claim_id":"686d151672507d231ed419248dd9a7e169147fe6","claim":"Vestand Inc. received a nasdaq hearing update notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"May 22, 2026, the Company submitted a request for a hearing before the Nasdaq Hearings Panel (the “Hearings Panel”) to appeal the Staff Determination (the “Hearing Request”). The Hearing Request will automatically stay t","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025277/0001493152-26-025277-index.htm","confidence":0.9},{"claim_id":"ab2cf4d07859b38d48cfa05c197175fcd5475d65","claim":"Vestand Inc. received a nasdaq delisting notice notice regarding late filing (rules 5250(c)(1)).","evidence_excerpt":"May 19, 2026, the Company received a Staff Delisting Determination letter (the “Staff Determination”) from Nasdaq notifying it that Nasdaq has initiated a process which could result in the delisting of the Company’s secu","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000149315226025277/0001493152-26-025277-index.htm","confidence":0.9}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}