Recent 8-K filings for VSTD

• June 17, 2026, 4:21 PM ET other material materiality 0.75 negative item 3.01item 9.01 ◈ Listing & Compliance Notices

  Vestand receives Nasdaq delisting notice for failing to maintain $1 bid price; hearing scheduled

  Nasdaq letter dated June 12, 2026, stating company did not regain minimum bid price compliance by June 10, 2026 deadline.

• May 28, 2026, 5:19 PM ET debt materiality 0.60 neutral item 1.01item 2.03item 9.01 ◈ Debt Financings◈ Material Agreements

  Vestand Inc. enters into $200,000 loan agreement with Good Mood Studio Inc., secured by equity in Vestand Korea

  Borrowed $200,000 from Good Mood Studio Inc. at 16% simple interest, due September 16, 2026.

• May 28, 2026, 5:13 PM ET debt materiality 0.65 negative item 1.01item 2.03item 3.02item 9.01 ◈ Material Agreements ×2◈ Debt Financings◈ Equity Issuances

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

  $500K equity: 1,347,708 shares at $0.371/sh (30% discount to 5-day avg close of $0.53038).

• May 26, 2026, 5:18 PM ET regulatory materiality 0.85 negative item 3.01item 7.01item 9.01 ◈ Listing & Compliance Notices

  Vestand receives Nasdaq delisting notice for late quarterly and annual filings

  Nasdaq Staff Determination on May 19, 2026 for failure to file 10-Q (Sep 2025), 10-K (2025), and 10-Q (Mar 2026).

• April 29, 2026, 7:59 PM ET regulatory materiality 0.80 negative item 3.01item 7.01item 9.01 ◈ Listing & Compliance Notices

  Vestand receives Nasdaq delisting notice for late 10-K filing; may submit compliance plan by May 18, 2026

  Notice dated April 23, 2026, for failure to file Form 10-K for year ended Dec 31, 2025.

• March 12, 2026, 7:59 PM ET other material materiality 0.85 negative item 5.02item 8.01item 9.01

  Vestand suspends restaurant operations, closes 12 locations; Chief Compliance Officer resigns citing concerns

  Andrew Yun resigned as CCO and director, citing concerns about company direction and that his advice was not adopted or considered.

• December 17, 2025, 6:59 PM ET regulatory materiality 0.75 negative item 3.01item 9.01 ◈ Listing & Compliance Notices

  Vestand receives Nasdaq bid price deficiency notice; has until June 10, 2026 to regain compliance

  Nasdaq notified Vestand on Dec 12, 2025 that its stock closed below $1.00 for 30 consecutive business days, violating Listing Rule 5550(a)(2).

• December 2, 2025, 6:59 PM ET regulatory materiality 0.60 negative item 3.01item 7.01item 9.01 ◈ Listing & Compliance Notices

  Vestand receives Nasdaq delisting notice for late Q3 10-Q filing; has 60 days to submit compliance plan

  Nasdaq notified Vestand on Nov 25, 2025 for failure to file Form 10-Q for period ended Sep 30, 2025, violating Listing Rule 5250(c)(1).

• November 25, 2025, 6:59 PM ET litigation materiality 0.65 negative item 8.01item 9.01

  Vestand Inc. sued for ~$1M fraud claims related to IPO investments

  Lawsuit filed March 7, 2024 in Los Angeles County alleging contractual fraud and elder abuse.

• October 31, 2025, 7:59 PM ET other material materiality 0.95 negative item 4.02item 9.01 ◈ Auditor Changes

  Vestand restates financials for 2021-2025; fictitious liabilities of ~$700k identified

  Board non-reliance on all financial statements from 2021 through Q2 2025, including audited annuals and unaudited quarters.

• September 19, 2025, 7:59 PM ET M&A materiality 0.65 neutral item 7.01item 9.01

  Vestand subsidiary acquires controlling interest in AI Mindbot Equity for ~$6.4M

  Vestand Korea to acquire 21,000 shares of AI Mindbot Equity for KRW 8.5B (~$6.4M), gaining over 89% equity.

• September 18, 2025, 7:59 PM ET M&A materiality 0.75 neutral item 1.01item 9.01

  Vestand subsidiary to acquire controlling 89% stake in AI Mindbot for ~$6.44M

  Vestand Korea to buy 21,000 shares of AI Mindbot Equity Union for KRW 8.5B (~$6.44M); 10% deposit paid, balance at closing.

• September 4, 2025, 7:59 PM ET debt materiality 0.65 neutral item 1.01item 2.03item 9.01

  Vestand (VSTD) amends $4.4M convertible note agreement with Open Innovation Fund, sets three-tranche payment schedule

  First tranche $2.9M due Sept 11; second $750k due Sept 30; third $750k due Oct 15, 2025.

• August 4, 2025, 7:59 PM ET debt materiality 0.70 positive item 1.01item 2.03item 9.01 ◈ Debt Financings

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

  $4.4M convertible note with Open Innovation Fund; 7% annual interest, 3-year maturity, convertible at $1.10/share (floor $1.00).

• July 25, 2025, 7:59 PM ET other material materiality 0.75 positive item 7.01item 9.01

  Yoshiharu Global announces PropTech pivot, name change to Vestand; $6M funding secured

  Board approved name change to Vestand Inc. on July 10, 2025; symbol change on Nasdaq pending.

• June 12, 2025, 7:59 PM ET leadership materiality 0.60 neutral item 5.02 ◈ executive_change ×5

  Yoshiharu Global appoints Ji-Won Kim as CEO, John Oh as CFO; removes James Chae and Ryan Cho

  Board removed James Chae as Co-CEO and appointed Ji-Won Kim as sole CEO, effective June 10, 2025.

• June 12, 2025, 7:59 PM ET other material materiality 0.60 negative item 8.01

  All Yoshiharu Global Co. restaurants to close for 3 days starting June 13 for operations review

  Temporary closure of all locations from June 13 for approximately 3 days.

• May 29, 2025, 7:59 PM ET leadership materiality 0.65 neutral item 5.02 ◈ executive_change ×2

  Yoshiharu Global Co. appoints Ji-Won Kim as Co-CEO and Seongjin Kim as director after director resignation

  Director Sungjoon Chae resigned from Board effective May 22, 2025, with no disagreement with management or Board.

• May 14, 2025, 7:59 PM ET other material materiality 0.70 neutral item 5.02item 5.03item 5.07item 9.01 ◈ executive_change ×3

  Yoshiharu Global stockholders approve three directors, 4-for-1 forward split, authorized share increase to 100M

  Elected Abe Lim, Jae-Hyo Seo, and Sungjoon Chae to the board at May 5 special meeting; 91% of shares represented.

• May 7, 2025, 7:59 PM ET other material materiality 0.70 neutral item 5.02item 5.03item 5.07item 9.01 ◈ executive_change ×3◈ Governance Changes ×2

  Stockholders approve forward split, share increase, change-of-control issuance, and three new directors

  Approved 4-for-1 forward stock split of Class A and Class B common stock; each holder receives three additional shares per share held.

• May 6, 2025, 7:59 PM ET earnings materiality 0.60 positive item 2.02item 9.01

  Yoshiharu Q1 revenue up 25% to $3.5M; regains Nasdaq equity compliance

  Revenue $3.5M (+25% YoY); operating loss widened to ($1.3M) from ($0.8M).

• April 15, 2025, 7:59 PM ET other material materiality 0.70 negative item 1.01item 3.02item 9.01

  Yoshiharu Global sells 400,000 warrants at $2.50 each for $1M to maintain Nasdaq listing

  Sold 400,000 warrants to two investors for $1M total ($2.50/warrant), each exercisable for one share of Class A common stock at $0.01.

• April 2, 2025, 7:59 PM ET earnings materiality 0.80 positive item 2.02item 7.01item 9.01

  Yoshiharu Q4 revenue up 47% to $3.7M; net income $537K; regains Nasdaq equity compliance

  Q4 revenue $3.7M (+47% YoY); net income $537K vs $8.6K prior year.

• March 31, 2025, 7:59 PM ET other material materiality 0.75 positive item 3.01 ◈ Listing & Compliance Notices

  Yoshiharu Global regains Nasdaq compliance; delisting hearing cancelled

  Nasdaq notified Yoshiharu Global on March 27, 2025 that it regained compliance with Listing Rule 5550(b)(1) requiring $2.5M minimum stockholders' equity.

• March 25, 2025, 7:59 PM ET other material materiality 0.80 negative item 1.01item 3.01item 3.02item 9.01 ◈ Listing & Compliance Notices ×2

  Yoshiharu Global receives Nasdaq delisting notice, issues warrants to cancel $2.5M debt and raise $1.65M

  Issued 1M warrants to cancel $2.5M debt and 660k warrants for $1.65M cash; each exercisable at $0.01 per share.

• March 21, 2025, 7:59 PM ET other material materiality 0.60 neutral item 5.02item 7.01item 9.01 ◈ executive_change ×2

  Yoshiharu appoints Sungjoon Chae to board; BS1 Fund to provide $1.1M for 440k shares

  Sungjoon Chae appointed to board effective March 17, 2025, filling vacancy from Jay Kim's departure.

• March 18, 2025, 7:59 PM ET other material materiality 0.75 negative item 1.01item 3.02item 9.01

  Yoshiharu Global raises $1.2M via warrant sale to maintain Nasdaq listing

  Sold 480,000 warrants at $2.50 each for $1.2M to four accredited investors on March 17, 2025.

• March 17, 2025, 7:59 PM ET other material materiality 0.65 neutral item 1.01item 3.02item 9.01

  Yoshiharu Global raises $714k via private placement of 285,600 shares at $2.50/share

  Good Mood Studio purchased $200k (80k shares), Blue Ocean Fund $300k (120k shares), Green Light Fund $214k (85.6k shares).

• February 21, 2025, 6:59 PM ET regulatory materiality 0.85 negative item 3.01

  Yoshiharu Global receives Nasdaq delisting notice for failure to meet equity requirement

  Nasdaq notified Yoshiharu Global on Feb 18, 2025 of scheduled delisting from Nasdaq Capital Market for failure to comply with Listing Rule 5550(b)(1) requiring minimum $2.5M stockholders' equity.

• January 13, 2025, 6:59 PM ET debt materiality 0.70 neutral item 1.01item 3.02item 9.01

  Yoshiharu Global enters $10M ELOC and $1.1M convertible note with Crom Fund

  ELOC: Company may sell up to $10M of common stock at 93% of lowest 5-day VWAP; term ends Jan 2027.

• September 4, 2024, 7:59 PM ET M&A materiality 0.70 positive item 1.01item 2.01item 9.01 ◈ M&A Transactions

  Yoshiharu closes $3.6M acquisition of three Las Vegas restaurants; expects $6M annual revenue

  Acquired assets of Jjanga, HJH, Ramen Aku for $3.6M ($1.8M cash + $600K note + $1.2M convertible note).

• August 26, 2024, 7:59 PM ET M&A materiality 0.85 positive item 1.01item 2.01item 9.01 ◈ M&A Transactions

  Yoshiharu Global closes $3.6M acquisition of 3 Las Vegas restaurants; expects $6M annual revenue

  Aggregate purchase price $3.6M: $1.8M cash, $600K promissory note (corrected maturity dates), $1.2M convertible note.

• August 23, 2024, 7:59 PM ET regulatory materiality 0.85 negative item 3.01

  Yoshiharu Global receives Nasdaq delisting notice for stockholders' equity below $2.5M

  Nasdaq notified Yoshiharu Global on Aug 21, 2024 that stockholders' equity fell below $2.5M minimum, failing Rule 5550(b)(1).

• July 5, 2024, 7:59 PM ET M&A materiality 0.80 positive item 1.01item 2.01item 9.01 ◈ M&A Transactions

  Yoshiharu closes $3.6M acquisition of three Las Vegas restaurants; expects $6M annual revenue

  Acquired Jjanga, HJH, and Ramen Aku for $1.8M cash, $0.6M promissory note, $1.2M convertible note (convertible to YOSH shares).

Executive changes

Earnings & guidance

Materiality & sentiment trend

Max materiality 0.95 · Median 0.65 · Most common event other_material

9 positive 16 negative 25 neutral

source · VSTD on sec.gov