IPO - Yoshiharu Global Co.
Form Type: S-1
Filing Date: 2025-02-04
Corporate Action: Ipo
Type: New
Accession Number: 000149315225004833
Filing Summary: Yoshiharu Global Co. has filed a Form S-1 registration statement with the SEC, indicating its intention to offer for resale up to 1,600,000 shares of Class A common stock by Crom Structured Opportunities Fund I, LP. The offering includes shares from an Equity Purchase Agreement dated January 6, 2025, and a Convertible Promissory Note with Crom. The registration outlines that the selling stockholder may sell these shares at varying prices and does not involve the company selling any securities or receiving any proceeds from the sale. This filing is made in accordance with the Securities Act of 1933, and it also reflects the company’s status as an emerging growth company and smaller reporting company. The prospectus details the company’s growth from its inception, rapid expansion in Southern California, and its strategic expansion into Korean BBQ as well as license agreements for restaurant opportunities in China. The Class A common stock is listed under the symbol 'YOSH' on Nasdaq, with a closing price of $3.68 noted prior to this filing.
Document Link: View Document
Additional details:
Crom Equity Purchase Agreement Date: 2025-01-06
Crom Note Date: 2025-01-06
Total Shares Registered: 1600000
Last Price On Listing Date: 3.68
Authorized Classes Of Stock: Class A Common Stock, Class B Common Stock
Reverse Stock Split Effective Date: 2023-11-27
Management Team: led by CEO James Chae
New Restaurants Under Development: 2
Total Restaurants: 10
Recent Private Placement Amount: 1 million
New Restaurants Opened: 1 on 2024-10-31
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