VSTD
Vestand Inc.0.3830
-0.0171-4.27%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
5.56MP/E (TTM)
-Basic EPS (TTM)
-0.63Dividend Yield
0%Recent Filings
8-K
Suspends ops, directors resign
Vestand suspended restaurant operations on March 2, 2026, closing 12 locations across California and Nevada to curb losses and steady finances; more closures loom. Director and Chief Compliance Officer Andrew Yun quit February 27 over unheeded advice on company direction, while Abe Lim resigned March 3 without discord. Leadership churn hits amid distress.
8-K
Nasdaq bid price deficiency notice
Vestand Inc. received a Nasdaq notice on December 12, 2025, for failing the $1.00 minimum bid price over 30 consecutive business days. Trading continues uninterrupted, with 180 days until June 10, 2026, to regain compliance via $1.00 closes for 10 straight days. No decisions yet on fixes like reverse splits. Delisting looms if unsuccessful.
8-K
Note amendment, partial termination
Vestand amended its $4.4M convertible note agreement with Open Innovation Fund on September 10, 2025, expanding proceeds use from California real estate to general operations, restructuring, growth, acquisitions, and controls. Investor funded $2.9M but terminated the remaining $1.5M commitment on December 12. Flexibility boosts options, yet funding fell short.
8-K
Nasdaq non-compliance notice
8-K
Lawsuit targets Vestand over IPO
Vestand faces a March 7 lawsuit in LA County alleging fraud and elder abuse tied to James Chae's investment advice, claiming ~$1M losses from its IPO. Company counters with cross-complaint against ex-CEO Chae and APIIS for indemnity. Outcome unpredictable; adverse ruling could materially hit finances. Late filing blamed on management changes.
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