Core Insights - Yoshiharu Global Co. has successfully converted $2.5 million in existing debt to equity and secured additional financing commitments of $1.65 million, which strengthens its balance sheet and reduces near-term cash needs [1][2][5] Financial Position - The company has entered into securities subscription agreements for 660,000 warrants at a purchase price of $1,650,000, enhancing stockholders' equity [2] - The conversion of debt includes the cancellation of loans totaling $2.5 million, which improves the overall financial position by reducing total debt and cash usage [2][5] Debt Conversion Details - A loan of $1,100,000 with BS1Fund was fully cancelled in exchange for 220,000 warrants for class A and class B common stocks, both at an exercise price of $0.01 per warrant [3] - A loan of $700,000 with Golden Bridge was also cancelled, resulting in the issuance of 280,000 warrants for class A common stocks at the same exercise price [3] - Additionally, a loan of $700,000 with CEO James Chae was cancelled in exchange for 280,000 warrants for class A common stocks at an exercise price of $0.01 per warrant [4] Strategic Outlook - The company views the recent capital increase as a steppingstone for future growth opportunities and aims to maintain compliance with Nasdaq listing requirements ahead of an appeal hearing scheduled for April 1, 2025 [5] - The capital commitments position the company above the minimum stockholders' equity requirement of $2.5 million for continued Nasdaq listing [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]