---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-025659"
form_type: "8-K"
ticker: "VSTD"
cik: "0001898604"
company_name: "Vestand Inc."
filed_at: "2026-05-28T21:13:21+00:00"
generated_at: "2026-05-28T21:16:40.893094+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Vestand raises $1M via discounted equity and secured loan from Min Gan Zhe

## Summary
- $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.

## SEC filing metadata
- accession: 0001493152-26-025659
- form_type: 8-K
- ticker: VSTD
- cik: 0001898604
- company_name: Vestand Inc.
- filed_at: 2026-05-28T21:13:21+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1898604/000149315226025659/0001493152-26-025659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1898604/000149315226025659/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-025659
- JSON: https://secwatch.observer/filing/0001493152-26-025659.json
- Plain text: https://secwatch.observer/filing/0001493152-26-025659.txt

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