Yoshiharu Provides Update to Delisting Notice from Nasdaq on Stockholders’ Equity

Core Insights - Yoshiharu Global Co. has secured financing commitments totaling $1.9 million from multiple parties to address its stockholders' equity requirements ahead of a Nasdaq hearing scheduled for April 1, 2025 [1][4]. Group 1: Financing and Compliance - The company received a notification from Nasdaq indicating it was out of compliance with Listing Rule 5550(b)(1), which mandates a minimum stockholders' equity of $2,500,000 for continued listing [2]. - Recent private placements and securities subscription agreements have resulted in commitments of $1,914,000, which includes the sale of 285,600 shares for $714,000 and 480,000 warrants for $1,200,000 [3]. - These capital commitments are expected to enable the company to meet the minimum stockholders' equity requirement prior to the Nasdaq appeal hearing [4]. Group 2: Company Overview - Yoshiharu Global Co. specializes in authentic Japanese ramen and rolls, having established itself as a leading ramen restaurant in Southern California since its debut in 2016 [5]. - The company currently operates 15 restaurants across Southern California and Las Vegas, with plans for further expansion into new U.S. locations and international markets [5].