Vestand Inc. (VSTD): Nasdaq/NYSE listing notice — Yoshiharu Global receives Nasdaq delisting notice, issues warrants to cancel $2.5M debt and raise $1.65M

Vestand Inc.

Issued 1M warrants to cancel $2.5M debt and 660k warrants for $1.65M cash; each exercisable at $0.01 per share.
Nasdaq scheduled delisting for failing $2.5M stockholders' equity requirement; company appealed, hearing set for April 1, 2025.
Company believes it has regained compliance with stockholders' equity requirement after these financing transactions.
If stockholder approval not obtained within 75 days, investors may demand full refund with 8% annual interest.
Company must file resale registration statement within 30 days of filing 10-K; failure may trigger repurchase obligations.

item 1.01 item 3.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.85

Vestand Inc. received a nasdaq compliance regained notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: compliance regained
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

ions Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has scheduled the Company’s securities for delisting from The Nasdaq Capital Market. This Letter was sent pursuant to an earlier notification letter warning the Company that it was out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders’ equity of at least $2,500,000 for continued listing, or to meet the alternatives of market value of listed securities or net income from continuing operations. The Company was provided an opportunity to provide Nasdaq with a specific

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Vestand Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

February 18, 2025, the Company received a notification letter (the “Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has scheduled the Company’s securities for delisting from The Nasdaq Capital Market. This Letter was sent pursuant to an earlier notification letter warning the Company that it was out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders’ equity of at least $2,500,000 for continued listing, or to meet the alternatives of market value of listed securities or n

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Vestand Inc. filing history →

Source: SEC EDGAR

accession 0001641172-25-000620

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