Yoshiharu says new capital positions company for Nasdaq compliance

Yoshiharu (YOSH) Global provided an update regarding the notice of delisting from Nasdaq and its stockholders’ equity. On February 18, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market notifying the Company that it remains out of compliance with Listing Rule 5550(b)(1), which requires that the Company maintain stockholders’ equity of at least $2,500,000 for continued listing. The Company disclosed in its Form 8-K filings on Monday, March 17, 2025, private placements with certain investors for an aggregate of 285,600 shares for a purchase price of $714,000, and on Tuesday, March 18, 2025, securities subscription agreements with certain investors for an aggregate of 480,000 warrants for a purchase price of $1,200,000 for commitments totaling $1,914,000. These new capital commitments position the Company to achieve the minimum stockholders’ equity of at least $2,500,000 for continued listing prior to the Nasdaq appeal hearing scheduled for April 1, 2025.