Yoshiharu Provides Update to Delisting Notice from Nasdaq on Stockholders' Equity
Yoshiharu Yoshiharu (US:YOSH) GlobeNewswire News Room·2025-03-20 12:31

Core Points - Yoshiharu Global Co. has secured financing commitments totaling $1.9 million from multiple parties to meet the minimum stockholders' equity requirement ahead of a Nasdaq hearing scheduled for April 1, 2025 [1][4] - The company received a notification from Nasdaq indicating it was out of compliance with the requirement to maintain stockholders' equity of at least $2,500,000 [2] - Recent private placements and securities subscription agreements contributed to the total financing commitments, including 285,600 shares for $714,000 and 480,000 warrants for $1,200,000 [3] Company Overview - Yoshiharu 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 [5] - The company currently operates 15 restaurants across Southern California and Las Vegas, with plans for further expansion [5]