Yoshiharu (YOSH) Stock Spikes Following A Stock Split

Yoshiharu Global Co. (NASDAQ: YOSH) experienced a substantial surge in its market valuation during the latest trading session, exhibiting a remarkable 22.82% increase to culminate at $4.79. This surge was instigated by a strategic reverse stock split.

On Tuesday, Yoshiharu (YOSH) executed a reverse stock split on its outstanding shares of Class A and Class B common stock at a ratio of 1-for-10. The post-split trading of Yoshiharu’s Class A common stock commenced on November 28, 2023, under the existing trading symbol “YOSH.”

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

This move was a proactive measure to comply with the Minimum Bid Price Requirement of $1.00 per share, crucial for maintaining a continuous listing on The Nasdaq Capital Market, among other advantageous outcomes.

The division led to a significant decrease in the quantity of Yoshiharu’s Class A common stock, dropping from 11,940,000 to 1,194,000 shares. Likewise, a corresponding decrease occurred in the Class B common stock, diminishing from 1,000,000 to 100,000 shares.

In a recent development, Yoshiharu entered into an asset purchase agreement with a restaurant operator (“Seller”) to acquire specific restaurant assets held by Jjanga LLC, HJH LLC, and Ramen Aku LLC for a total of $3.6 million. The anticipated annual revenues from these three restaurants in 2023 are expected to surpass $6.0 million.

The completion of this transaction is anticipated by the close of 2023. Looking ahead, with the prospect of four new restaurants opening by the first quarter of 2024, YOSH foresees a substantial top-line growth exceeding 80% in annual revenues.

This growth will stem from both acquisitions and the establishment of new ventures, promising a considerable enhancement in financial health and stability in 2024 compared to 2023. The acquisition represents a pivotal element in the company’s overarching long-term strategy, aligning seamlessly with its short-term goal of operating 13 restaurants by the conclusion of 2023.

Most Popular

Related posts