{"schema_version":"secwatch.filing_event.v1","accession":"0001641172-25-022076","form_type":"8-K","ticker":"VSTD","cik":"0001898604","company_name":"Vestand Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.546394+00:00","generated_at":"2026-05-17T21:36:13.030445+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Yoshiharu Global secures $4.4M convertible note from Open Innovation Fund for real estate expansion","bullets":["$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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001641172-25-022076","json":"https://secwatch.observer/filing/0001641172-25-022076.json","markdown":"https://secwatch.observer/filing/0001641172-25-022076.md","text":"https://secwatch.observer/filing/0001641172-25-022076.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225022076/0001641172-25-022076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225022076/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:36:13.030445+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":"50d0290816662b0e35535896b694f593070b3d15","claim":"Vestand Inc. incurred convertible notes of $4,400,000 with Open Innovation Fund at seven (7) percent maturing three (3) years after the issuance date.","evidence_excerpt":"On July 29, 2025, Yoshiharu Global Co. (the “Company”) entered into a Convertible Note Subscription Agreement (the “Agreement”) with Open Innovation Fund (the “Investor”), pursuant to which the Investor agreed to invest $4,400,000 in exchange for a convertible note from the Company (the “Note”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1898604/000164117225022076/0001641172-25-022076-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$4,400,000"},{"label":"Counterparty","value":"Open Innovation Fund"},{"label":"Rate","value":"seven (7) percent"},{"label":"Maturity","value":"three (3) years after the issuance date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}