Revenue Growth - Fourth Quarter 2024 revenues increased by 47% to $3.7 million compared to $2.5 million in the prior year period[11] - Full Year 2024 revenues rose by 39.3% to $12.8 million from $9.2 million in the previous year[14] - Total revenue for 2024 reached $12,839,137, a significant increase of 39.5% compared to $9,214,779 in 2023[25] Profitability and Loss - Net income for the fourth quarter reached $0.5 million, a significant increase from $8,597 in the prior year[12] - Operating loss improved to $(2.6) million for the full year, compared to a loss of $(3.5) million in the prior year[16] - The net loss for 2024 was $2,665,869, a reduction from the net loss of $3,040,364 in 2023, indicating an improvement of 12.3%[25] - Basic and diluted loss per share decreased to $1.98 in 2024 from $2.29 in 2023, showing a 13.5% improvement[25] Operating Expenses - Total restaurant operating expenses for the fourth quarter were $2.6 million, up from $2.3 million in the prior year, reflecting the impact of new restaurant openings[11] - Total restaurant operating expenses increased to $11,322,662 in 2024, up from $8,850,385 in 2023, representing a rise of 27.5%[25] Cash Flow and Financial Position - Cash balance as of December 31, 2024, was $1.2 million, down from $1.5 million a year earlier[17] - Cash provided by operating activities was $875,224 in 2024, a turnaround from cash used of $(4,591,656) in 2023[27] - Cash at the end of the period decreased to $1,241,036 in 2024 from $1,462,326 in 2023, reflecting a decrease of 15.1%[27] - Interest paid during the year increased to $443,487 in 2024 from $218,153 in 2023, a rise of 103.5%[27] Expansion Plans - The company opened two new restaurants in Menifee and San Clemente, bringing the total number of locations to 15, with one additional location under development[6] - The company plans to open 2-3 new locations in Southern California and expand internationally to cities like Paris, London, and South Korea[6] - The company anticipates initiating franchise sales in 2025 as part of its growth strategy[6] Strategic Acquisitions - The company acquired LV entities for $1,800,000 in 2024, indicating a strategic expansion[27] Shareholder Information - The weighted average number of common shares outstanding increased to 1,345,756 in 2024 from 1,329,022 in 2023, an increase of 1.3%[25] - Financing commitments of $3.56 million were secured, and $2.5 million in debt was converted to equity, aiding compliance with Nasdaq's stockholders' equity requirement[3]

Core Insights - Yoshiharu Global Co. has regained compliance with NASDAQ's stockholders' equity requirement, allowing its shares to continue trading on the exchange [2][3] - The company reported a 47% increase in fourth-quarter revenues to $3.7 million and a net income of $0.5 million, driven by new restaurant openings and a diversified service mix [5][11] - For the full year 2024, revenues rose 39% to $12.8 million, primarily due to sales from new locations, particularly in Las Vegas [13][14] Financial Performance - Fourth-quarter revenues increased by 47.4% to $3.7 million compared to $2.5 million in the prior year, largely due to new restaurant sales [11] - Full-year revenues increased by 39.3% to $12.8 million from $9.2 million in the previous year, with significant contributions from new Las Vegas restaurants [13] - The company achieved a net income of $537,268 in the fourth quarter, a substantial increase from $8,597 in the prior year [12] Operational Highlights - The company opened two new restaurants in Menifee, CA, and San Clemente, bringing the total number of locations to 15, with one more under development in Ontario, CA [6][8] - Yoshiharu plans to expand both domestically and internationally, targeting cities like Boston, Seattle, and locations in Europe and South Korea [6] - The company has secured financing commitments of $3.56 million and converted $2.5 million in debt to equity to strengthen its balance sheet [3][6] Management Commentary - The President and CEO, James Chae, emphasized the company's focus on operational improvements and strategic expansion despite challenges in the food and beverage market [10] - New initiatives, including diversifying service channels and utilizing technology to reduce costs, are expected to enhance growth and efficiency [10]

Core Viewpoint - Yoshiharu Global Co. has regained compliance with Nasdaq's minimum stockholders' equity requirement, allowing its securities to continue being listed and traded on the Nasdaq Stock Market [1][3][4] Group 1: Compliance with Nasdaq Requirements - The company was previously notified by Nasdaq for being out of compliance with Listing Rule 5550(b)(1), which mandates a minimum stockholders' equity of $2,500,000 [2] - On March 27, 2025, Nasdaq confirmed that Yoshiharu had regained compliance, leading to the cancellation of a scheduled hearing regarding its potential delisting [3] - Nasdaq's determination of compliance was based on the company's financing commitments and debt restructuring efforts announced on March 20 and March 26, 2025 [4] Group 2: Company Overview - Yoshiharu Global Co. specializes in authentic Japanese ramen and rolls, aiming to modernize the Japanese dining experience globally [5] - The company has rapidly expanded since its debut in 2016, currently operating 15 restaurants across Southern California and Las Vegas [5]

Core Viewpoint - Yoshiharu Global Co. has regained compliance with Nasdaq's minimum stockholders' equity requirement, allowing its securities to continue being listed and traded on the Nasdaq Stock Market [1][3][4] Group 1: Compliance with Nasdaq Requirements - The company was previously notified by Nasdaq for being out of compliance with Listing Rule 5550(b)(1), which mandates a minimum stockholders' equity of $2,500,000 [2] - On March 27, 2025, Nasdaq confirmed that Yoshiharu had regained compliance with the equity requirement, leading to the cancellation of a scheduled hearing regarding potential delisting [3][4] Group 2: Company Background - Yoshiharu Global Co. specializes in authentic Japanese ramen and rolls, and has expanded its presence in Southern California and Las Vegas, currently operating 15 restaurants [5]

Part I [Business](index=7&type=section&id=Item%201.%20Business) Yoshiharu Global Co. is a fast-growing Japanese restaurant operator specializing in ramen, with ten operating restaurants in Southern California as of year-end 2024, plus several new locations under development or recently acquired - As of the report date, the company **operates ten restaurants**, has **three new stores under construction/development**, and recently **acquired three existing restaurants** in Las Vegas, which are expected to be integrated in the second quarter of 2024[19](index=19&type=chunk) - The company's core product is its signature ramen, featuring a rich bone broth boiled for over twelve hours, aiming to provide a high-quality, healthy, and affordable Japanese dining experience[20](index=20&type=chunk)[21](index=21&type=chunk) - The company's **Average Unit Volume (AUV) was $1.0 million in 2024**, a decrease from $1.1 million in 2023[31](index=31&type=chunk) - Growth strategies include pursuing new restaurant development with a target of **over 100% annual unit growth**, delivering consistent comparable restaurant sales growth, increasing profitability through scale, and heightening brand awareness via marketing and potential retail partnerships[33](index=33&type=chunk)[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk) - The company utilizes Toast, Inc. for its point of sale, online ordering, delivery, marketing, and payroll management systems to streamline operations[64](index=64&type=chunk) [Risk Factors](index=18&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks, including a history of operating losses, reliance on future capital, a potential Nasdaq delisting, and heavy geographic concentration in California - The company incurred a **net loss of $2.7 million in 2024** and $3.0 million in 2023, and must raise additional capital to sustain operations[85](index=85&type=chunk) - The company received a **delisting notice from Nasdaq** for failing to meet the minimum $2.5 million stockholders' equity requirement; an appeal hearing is scheduled for April 1, 2025, but a delisting could severely impair the ability to raise capital[89](index=89&type=chunk)[176](index=176&type=chunk) - The business is **geographically concentrated in California**, making it vulnerable to local economic, regulatory, and weather conditions; the state's minimum wage was $16.00 per hour as of January 1, 2024, which increases labor costs[94](index=94&type=chunk)[142](index=142&type=chunk) - The company's growth strategy, which involves opening new restaurants, is subject to risks such as site availability, construction permit delays, and competition; the **estimated build-out cost per new restaurant is $350,000-$550,000**[91](index=91&type=chunk)[102](index=102&type=chunk) - The company has received unsecured, on-demand borrowings from its CEO, James Chae, and his affiliate; the **outstanding balance was $732,710** as of December 31, 2024[128](index=128&type=chunk) - As a **'controlled company'** due to CEO James Chae's majority voting power, it is exempt from certain Nasdaq corporate governance requirements, such as having a majority-independent board[281](index=281&type=chunk) [Unresolved Staff Comments](index=37&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports that it has no unresolved staff comments - Not applicable[181](index=181&type=chunk) [Cybersecurity](index=37&type=section&id=Item%201C.%20Cybersecurity) The company manages cybersecurity risks through an information security program overseen by the Audit Committee, with no material incidents reported to date - The company has an information security program designed to manage cybersecurity risks, utilizing various security tools[182](index=182&type=chunk) - The Board's **Audit Committee oversees the cybersecurity risk management program**, receiving periodic reports from management[185](index=185&type=chunk)[186](index=186&type=chunk) - As of the date of this report, the company is **not aware of any materially adverse cybersecurity incidents**[184](index=184&type=chunk) [Properties](index=37&type=section&id=Item%202.%20Properties) The company's executive offices are located in Buena Park, CA, and all restaurant and corporate office properties are leased - The company's executive offices are located at 6940 Beach Blvd, Suite D-705, Buena Park, CA 90621[189](index=189&type=chunk) - A comprehensive description of the company's principal physical properties (leased restaurant locations) is available under "Item 1 Business—Properties"[189](index=189&type=chunk) [Legal Proceedings](index=37&type=section&id=Item%203.%20Legal%20Proceedings) The company reports that there is no litigation currently pending or contemplated against it, its officers, or directors that would have a material impact - To the knowledge of management, there is **no litigation currently pending or contemplated** against the company or its officers and directors[190](index=190&type=chunk) [Mine Safety Disclosures](index=37&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not applicable[191](index=191&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=38&type=section&id=Item%205.%20Market%20for%20Registrant's%20Ordinary%20Shares%2C%20Related%20Shareholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's Class A Common Stock trades on Nasdaq under "YOSH", no cash dividends have been paid, and recent private placements were conducted to raise capital - The company's Class A Common Stock is traded on the Nasdaq Capital Market under the symbol **"YOSH"**[192](index=192&type=chunk) - The company **has not paid any cash dividends** and future dividend decisions will be at the discretion of the board of directors[194](index=194&type=chunk) - In March 2025, the company entered into several private placements, selling shares and warrants to raise capital, including selling **285,600 shares for $714,000** and **480,000 warrants for $1,200,000**[196](index=196&type=chunk)[197](index=197&type=chunk) [[Reserved]](index=39&type=section&id=Item%206.%20%5BReserved%5D) This item is reserved [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Revenue increased 39.3% to $12.9 million due to new restaurant sales, though the company reported a $2.7 million net loss and faces significant liquidity concerns Results of Operations (Years ended December 31) | | 2024 | 2023 | Change ($) | Change (%) | |:---|---:|---:|---:|---:| | **Revenue** | **$12,839,137** | **$9,214,779** | **$3,624,358** | **39.3%** | | Total restaurant operating expenses | $11,322,662 | $8,850,385 | $2,472,277 | 27.9% | | Net restaurant operating income | $1,516,475 | $364,394 | $1,152,081 | 316.2% | | General and administrative | $3,831,676 | $3,419,036 | $412,640 | 12.1% | | Loss from operations | ($2,555,029) | ($3,515,254) | $960,225 | -27.3% | | **Net loss** | **($2,665,869)** | **($3,040,364)** | **$374,495** | **-12.3%** | - **Revenue increased by $3.6 million (39.3%)** in 2024, primarily driven by $3.5 million in sales from the acquisition of three Las Vegas restaurants and $1.0 million from two new restaurants, offset by a $0.8 million decrease at other locations[223](index=223&type=chunk) - Labor costs increased by 14.2% to $4.8 million due to new and acquired restaurants, but decreased as a percentage of sales due to lower relative labor costs in Las Vegas[225](index=225&type=chunk) - General and administrative expenses increased by 12.1% to $3.8 million due to acquisitions, new hires, and costs to support growth, but decreased as a percentage of sales from 37.1% to 29.7% due to cost control efforts[229](index=229&type=chunk) Summary of Cash Flows (Years ended December 31) | | 2024 | 2023 | |:---|---:|---:| | Net cash provided by (used in) operating activities | $875,224 | ($4,591,656) | | Net cash used in investing activities | ($2,561,527) | ($1,471,151) | | Net cash provided by financing activities | $1,465,013 | $1,386,347 | - The company has entered into multiple agreements in early 2025 to raise capital, including an **equity purchase agreement for up to $10 million** and several private placements for shares and warrants[234](index=234&type=chunk)[235](index=235&type=chunk)[236](index=236&type=chunk)[237](index=237&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=49&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a smaller reporting company, Yoshiharu Global Co is not required to provide the information for this item - The company is a smaller reporting company and is **not required to provide the information** under this item[254](index=254&type=chunk) [Financial Statements and Supplementary Data](index=49&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) The company's audited financial statements and supplementary data are incorporated by reference and begin on page F-1 of the report - The required financial statements and supplementary data are located **starting on page F-1** of the Form 10-K[255](index=255&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=49&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants on accounting and financial disclosure - **None reported**[256](index=256&type=chunk) [Controls and Procedures](index=49&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management has concluded that the company's disclosure controls and procedures were ineffective as of December 31, 2024, due to material weaknesses from its small size - Management concluded that as of December 31, 2024, the company's **disclosure controls and procedures were ineffective**[257](index=257&type=chunk) - **Material weaknesses were identified** related to inadequate accounting resources and a lack of segregation of duties, attributed to the small size of the accounting staff[258](index=258&type=chunk) - Management believes that despite the material weaknesses, the financial statements for the year ended December 31, 2024, are **fairly stated in all material respects** in accordance with GAAP[260](index=260&type=chunk) [Other Information](index=50&type=section&id=Item%209B.%20Other%20Information) During the fourth quarter of 2024, no director or officer adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement - **No director or officer adopted or terminated a Rule 10b5-1 trading plan** or other non-Rule 10b5-1 trading arrangement in the last quarter of 2024[266](index=266&type=chunk) [Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](index=50&type=section&id=Item%209C.%20Disclosure%20Regarding%20Foreign%20Jurisdictions%20that%20Prevent%20Inspections) This item is not applicable to the company - Not applicable[267](index=267&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=50&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) As a "controlled company" led by CEO James Chae, Yoshiharu is exempt from certain Nasdaq governance rules and currently lacks a majority-independent board - The company is a **"controlled company"** under Nasdaq rules because CEO James Chae controls a majority of the voting power, exempting it from requirements like having a majority-independent board or a nominating committee[281](index=281&type=chunk) - Following the resignation of a director in February 2025, the company **no longer has a majority independent board of directors**[284](index=284&type=chunk) - The Audit Committee consists of two independent directors, both of whom qualify as "audit committee financial experts," but is **temporarily below the required three members**[292](index=292&type=chunk)[294](index=294&type=chunk)[284](index=284&type=chunk) - The positions of Chairman of the Board and Chief Executive Officer are **both held by James Chae**[306](index=306&type=chunk) [Executive Compensation](index=57&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation includes base salary and bonuses, with no equity awards outstanding for named executive officers at year-end 2024 Summary Compensation Table – Officers (2024 & 2023) | Name and Principal Position | Year | Salary ($) | Bonus ($) | Total ($) | |:---|---:|---:|---:|---:| | James Chae, CEO | 2024 | 140,000 | 0 | 140,000 | | Soojae Ryan Cho, CFO | 2024 | 120,000 | 0 | 120,000 | | James Chae, CEO | 2023 | 285,000 | 55,000 | 340,000 | | Soojae Ryan Cho, CFO | 2023 | 144,000 | 0 | 144,000 | - As of December 31, 2024, there were **no outstanding equity awards** for any of the Named Executive Officers (NEOs)[324](index=324&type=chunk) - The company adopted the 2022 Omnibus Equity Incentive Plan, authorizing up to **1,500,000 shares of Class A common stock** for various types of awards to employees, directors, and consultants[327](index=327&type=chunk)[332](index=332&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=65&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Shareholder%20Matters) Founder and CEO James Chae controls 69.34% of the total voting power through his ownership of Class A and super-voting Class B common stock Beneficial Ownership as of March 20, 2025 | Name of Beneficial Owner | Class A Shares Beneficially Owned | Percent of Class A | Class B Shares Beneficially Owned | Percent of Class B | Percent of Total Voting Power | |:---|---:|---:|---:|---:|---:| | James Chae | 617,100 | 46.32% | 100,000 | 100.00% | 69.34% | | All NEOs and Directors as a Group (5 persons) | 632,000 | 47.44% | 100,000 | 100.00% | 69.98% | - **Class B Common Stock has 10 votes per share**, while Class A Common Stock has one vote per share, giving James Chae majority voting control[359](index=359&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=66&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) The company has several related party transactions, primarily involving loans and formation contributions with its founder and CEO, James Chae - The company was formed through a series of transactions where founder James Chae contributed his existing restaurant entities and intellectual property in exchange for Class A and Class B stock, resulting in his control of the company[360](index=360&type=chunk)[361](index=361&type=chunk) - The company has borrowed money from CEO James Chae on a non-interest bearing, due-on-demand basis; the **outstanding balance was $732,710** as of December 31, 2024, up from $24,176 in 2023[363](index=363&type=chunk) - The company has a **loan receivable of $100,300** from Won Zo Whittier, an entity 100% owned by James Chae; the loan is non-interest bearing with a 5-year term[363](index=363&type=chunk) [Principal Accountant Fees and Services](index=67&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Total fees billed by auditors were $323,750 in 2024, with all audit and permitted non-audit services pre-approved by the Audit Committee Accountant Fees (Fiscal Years) | Fee Type | 2024 | 2023 | |:---|---:|---:| | Audit fees | $323,750 | $248,000 | | Audit related fees | $0 | $0 | | Tax fees | $0 | $12,000 | | All other fees | $0 | $104,000 | | **Total fees** | **$323,750** | **$364,000** | - The company's Audit Committee **pre-approves all audit and permitted non-audit services** provided by the independent registered public accounting firm[369](index=369&type=chunk) Part IV [Exhibits and Financial Statement Schedules](index=69&type=section&id=Item%2015.%20Exhibits%20and%20Financial%20Statement%20Schedules) This section lists the financial statements, schedules, and exhibits filed as part of the Form 10-K report - This item lists all documents filed as part of the report, including financial statements and various exhibits such as the certificate of incorporation, bylaws, and material contracts[371](index=371&type=chunk)[373](index=373&type=chunk) [Form 10-K Summary](index=69&type=section&id=Item%2016.%20Form%2010-K%20Summary) This item is not applicable - Not applicable[374](index=374&type=chunk) Financial Statements and Supplementary Data [Consolidated Financial Statements](index=70&type=section&id=Consolidated%20Financial%20Statements) Acquisitions and financing activities grew total assets to $17.6 million, while a net loss of $2.7 million caused stockholders' equity to fall to $255,399 Consolidated Balance Sheet Highlights (as of December 31) | | 2024 | 2023 | |:---|---:|---:| | Total Current Assets | $1,464,568 | $1,535,349 | | Total Assets | $17,573,266 | $13,019,364 | | Total Current Liabilities | $6,041,089 | $3,269,060 | | Total Liabilities | $17,317,867 | $10,365,885 | | Total Stockholders' Equity | $255,399 | $2,653,479 | Consolidated Statement of Operations Highlights (Years ended December 31) | | 2024 | 2023 | |:---|---:|---:| | Total Revenue | $12,839,137 | $9,214,779 | | Loss from Operations | ($2,555,029) | ($3,515,254) | | Net Loss | ($2,665,869) | ($3,040,364) | | Basic and Diluted Loss Per Share | ($1.98) | ($2.29) | [Notes to Consolidated Financial Statements](index=76&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Key financial events include a 1-for-10 reverse stock split, a $3.6 million restaurant acquisition, and significant financing activities in early 2025 to address liquidity - A **1-for-10 reverse stock split** of both Class A and Class B common stock became effective on November 27, 2023[394](index=394&type=chunk) - On April 20, 2024, the company **acquired assets of three Las Vegas restaurants for a total purchase price of $3.6 million**, funded by $1.8 million in cash, a $600,000 promissory note, and a $1.2 million convertible note[399](index=399&type=chunk)[418](index=418&type=chunk)[419](index=419&type=chunk) - The Las Vegas acquisition resulted in the recording of **$1,985,645 in Goodwill** and $531,051 in intangible assets (Brand & non-compete)[419](index=419&type=chunk)[421](index=421&type=chunk) - As of Dec 31, 2024, the company had total **bank notes payable of $3.1 million** and EIDL loans payable of $415,414[428](index=428&type=chunk)[459](index=459&type=chunk) - Subsequent to year-end, in January 2025, the company entered into a **$10 million equity line of credit (ELOC)** agreement and in March 2025, conducted several private placements of stock and warrants to raise capital[504](index=504&type=chunk)[505](index=505&type=chunk)[506](index=506&type=chunk)

Core Viewpoint - Yoshiharu Global Co. has strengthened its balance sheet by converting $2.5 million in debt to equity and securing additional financing commitments of $1.65 million, which has improved its compliance with Nasdaq listing requirements [1][2][5]. Financial Position - The company entered into securities subscription agreements for 660,000 warrants totaling $1.65 million [2]. - The conversion of $2.5 million in debt has reduced total debt and cash needs, enhancing stockholders' equity [2][5]. - Specific loans canceled include $1.1 million with BS1Fund, $700,000 with Golden Bridge, and $700,000 with CEO James Chae, all in exchange for warrants at an exercise price of $0.01 [3][4]. Growth Strategy - The recent capital commitments of $1.9 million position the company above the minimum stockholders' equity requirement of $2.5 million for continued Nasdaq listing [5]. - The company views this capital increase as a foundation for future growth opportunities and aims to execute its strategy effectively [5]. Company Overview - Yoshiharu Global Co. specializes in authentic Japanese ramen and has expanded to operate 15 restaurants across Southern California and Las Vegas since its debut in 2016 [6].

Conversion of Existing $2.5 Million in Debt to Equity and Additional Financing Commitments of $1.65 Million Strengthens Balance Sheet and Lowers Near-Term Cash Needs BUENA PARK, Calif., March 26, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today announced that it entered into additional financing commitments with certain investors for $1.65 million and, as a result of such financing trans ...

Company Overview - Yoshiharu Global Co. is a restaurant operator specializing in authentic Japanese ramen and rolls, recognized as a leading ramen restaurant in Southern California since its debut in 2016 [4] - The company currently operates 15 restaurants across Southern California and Las Vegas [4] Appointment of Board Member - Sungjoon Chae has been appointed to the Board of Directors effective March 17, 2025, bringing extensive experience in architecture and urban design [1][2] - Mr. Chae is the CEO of Grundot and has previously worked with renowned architectural firms, contributing to high-profile projects globally [2] - His expertise in merging aesthetics with functionality is expected to support the company's expansion efforts [3] Strategic Vision - The President and CEO of Yoshiharu, James Chae, emphasized that Mr. Chae's design and business experience will be invaluable for driving expansion in both the company's footprint and cuisine offerings [3]

Company Secures Financing Commitments of $1.9 Million From Multiple Parties New Capital Positions Yoshiharu to Achieve Stockholders’ Equity Minimum Ahead of Nasdaq Hearing on April 1, 2025 BUENA PARK, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today provided an update regarding the notice of delisting from Nasdaq and its stockholders’ equity. On February 18, 2025, the C ...

Company Secures Financing Commitments of $1.9 Million From Multiple Parties New Capital Positions Yoshiharu to Achieve Stockholders’ Equity Minimum Ahead of Nasdaq Hearing on April 1, 2025 BUENA PARK, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Yoshiharu Global Co. (NASDAQ: YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today provided an update regarding the notice of delisting from Nasdaq and its stockholders’ equity. On February 18, 2025, the C ...