IPO - Yoshiharu Global Co.
Form Type: S-1
Filing Date: 2025-04-30
Corporate Action: Ipo
Type: New
Accession Number: 000164117225007914
Filing Summary: Yoshiharu Global Co., a rapidly growing Japanese restaurant operator based in Southern California, is submitting a registration statement to the SEC for an initial public offering (IPO). The company has made significant strides since its inception, specializing in modernized Japanese dining experiences, particularly ramen. Since its launch in 2016, Yoshiharu has expanded to operate ten restaurants and is in the process of developing two more locations. Additionally, the company acquired three restaurants in Las Vegas in early 2024. The registration includes the resale of up to 3,005,600 shares of Class A common stock by various selling securityholders, who will cancel an aggregate indebtedness of $2,500,000 in exchange for warrants to acquire shares of common stock at $2.50 each. The offering plan also underscores potential risks and the high degree of investment risk due to market volatility and liquidity issues. The common stock is set to be listed on The Nasdaq under the symbol 'YOSH'.
Document Link: View Document
Additional details:
Address: 596 Apollo St. Brea, CA 90821
Ceo Name: James Chae
Last Reported Sales Price: [___]
Shares Class A: 3,005,600
Warrants Value: $2,500,000
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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