Yoshiharu Announces Financing Agreements Increasing Stockholders' Equity Above the $2.5 Million Threshold Required for Continued Listing on Nasdaq

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].