Yoshiharu Global Co. announced on March 26, 2025, that it entered into additional financing commitments of $1.65 million and converted $2.5 million of existing debt obligations to equity. These actions collectively increased the company's stockholders' equity above the $2.5 million threshold required for continued Nasdaq listing.
The debt conversion included the cancellation of a $1.1 million loan with BS1Fund, a $700,000 loan with Golden Bridge, and a $700,000 loan with President, CEO, and Chairman James Chae, all in exchange for warrants. This restructuring improves the company's financial position by reducing total debt and lowering near-term cash needs.
These financing agreements, combined with previously announced capital commitments, position Yoshiharu above the minimum stockholders' equity requirement. This development occurred ahead of the Nasdaq appeal hearing scheduled for April 1, 2025, effectively resolving the delisting threat.
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