Yoshiharu Global secures $4.4M convertible note from Open Innovation Fund for real estate expansion

Vestand Inc.

$4.4M convertible note with Open Innovation Fund; 7% annual interest, 3-year maturity, convertible at $1.10/share (floor $1.00).
Proceeds restricted to acquisition, development, or renovation of California real estate; secured by subordinated lien on such property.
Investor may demand repayment after 12 months; also entitled to 3% of net profit on sale of any property acquired with Note proceeds.
Conversion shares capped at 19.99% of outstanding until shareholder approval per Nasdaq Listing Rule 5635(d).

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