Yoshiharu Closes Acquisition of Three Las Vegas Restaurants [Yahoo! Finance]
Yoshiharu Global Co. (YOSH)
Company Research
Source: Yahoo! Finance
operator specializing in authentic Japanese ramen, has closed the previously announced asset purchase agreement with a restaurant operator ("Seller") to acquire certain restaurant assets held by Jjanga LLC, HJH LLC and Ramen Aku LLC for an aggregate $3.6 million. The acquisition was financed through a combination of cash, promissory note, and a convertible note, which provides the Seller with the option to convert the debt into Class A YOSH common shares. The Seller will also serve as the managing director of each restaurant through an employment agreement. "I am pleased to announce the successful acquisition of three renowned Las Vegas restaurants," said James Chae, Yoshiharu's President, CEO, and Chairman of the Board. "With $6 million in annual revenues expected in 2024 from the acquired restaurants, we eagerly anticipate leveraging the financial success seen with these stores to further expand the Yoshiharu brand into a new state. Through this strategic acquisition, we anticip
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YOSH
News
- Yoshiharu Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-QAccesswire
- Yoshiharu Closes Acquisition of Three Las Vegas RestaurantsAccesswire
- Yoshiharu Announces Auditor Transition and Quarterly Filing ExtensionAccesswire
- Yoshiharu Global Full Year 2023 Earnings: US$2.29 loss per share (vs US$3.32 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Yoshiharu Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
YOSH
Sec Filings
- 6/27/24 - Form 8-K
- 6/17/24 - Form 8-K
- 5/17/24 - Form 8-K
- YOSH's page on the SEC website