Vestand Inc. (VSTD): debt financing — Vestand raises $1M via discounted equity and secured loan from Min Gan Zhe

Vestand Inc.

$500K equity: 1,347,708 shares at $0.371/sh (30% discount to 5-day avg close of $0.53038).
$500K non-convertible loan, 8% interest, secured by Vestand Korea receivable, matures Nov 10, 2026.
Proceeds for working capital, audit, SEC/Nasdaq compliance, operating expenses, debt obligations.
Shares unregistered, sold under Regulation S to non-U.S. person, no shareholder vote required.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Vestand Inc. incurred loan of $500,000 with Min Gan Zhe Investment Limited at 8% per annum maturing November 10, 2026.

Instrument: loan
Principal: $500,000
Counterparty: Min Gan Zhe Investment Limited
Rate: 8% per annum
Maturity: November 10, 2026
Event: incurrence

Exact text from the filing

Hong Kong corporation (the “Investor”) pursuant to which the Investor agreed to provide an aggregate financing in the amount of $1,000,000 (the “Financing”), consisting of (i) a $500,000 equity investment in the Company’s Class A Common Stock (the “Equity Financing”) pursuant to a Securities Purchase Agreement, and (ii) a $500,000 loan (the “Loan”) pursuant to a

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Vestand Inc. issued 1,347,708 shares of common stock to Min Gan Zhe Investment Limited for $0.371 per share.

Security: common stock
Shares: 1,347,708 shares
Purchaser: Min Gan Zhe Investment Limited
Consideration: $0.371 per share

Exact text from the filing

“SPA”), wherein the Investor agreed to provide the Equity Financing in exchange for 1,347,708 shares of the Company’s Class A Common Stock (the “Shares”) at a purchase price of $0.371 per share, representing an approximate 30% discount to the average closing price of the Company’s Class A Common Stock over the five consecutive trading days from May 13, 2026

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Vestand Inc. entered into Securities Purchase Agreement with Min Gan Zhe Investment Limited valued at $500,000 (effective 2026-05-21).

Action: entry
Agreement: equity purchase
Counterparty: Min Gan Zhe Investment Limited
Value: $500,000
Effective: 2026-05-21

Exact text from the filing

the Company and the Investor entered into a Securities Purchase Agreement on May 21, 2026 (the “SPA”), wherein the Investor agreed to provide the Equity Financing in exchange for 1,347,708 shares of the Company’s Class A Common Stock (the “Shares”) at a purchase price of $0.371 per share

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Vestand Inc. entered into Loan Agreement with Min Gan Zhe Investment Limited and Vestand Korea Co., Ltd. valued at $500,000 (effective 2026-05-21).

Action: entry
Agreement: credit facility
Counterparty: Min Gan Zhe Investment Limited and Vestand Korea Co., Ltd.
Value: $500,000
Effective: 2026-05-21

Exact text from the filing

the Investor agreed to provide the Loan to the Company pursuant to a Loan Agreement dated May 21, 2026, among the Company, the Investor, and Vestand Korea Co., Ltd.

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41 debt financings filed in the last 30 days. Browse all debt financings →

Vestand Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-025659

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