secwatch.observer — SEC 8-K summary
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Issuer:     Vestand Inc. (VSTD)
CIK:        0001898604
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001641172-25-022076
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1898604/000164117225022076/0001641172-25-022076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1898604/000164117225022076/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-022076

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