Yoshiharu Global Co. Faces Delisting Concerns

TL;DR

Yoshiharu Global Co. might get delisted - stock could be toast.

AI Summary

Yoshiharu Global Co. filed an 8-K on August 23, 2024, reporting a notice of delisting or failure to meet continued listing requirements. The company, incorporated in Delaware, is based in Buena Park, CA, and operates in the retail-eating places sector.

Why It Matters

This filing indicates potential issues with Yoshiharu Global Co.'s ability to remain listed on an exchange, which could significantly impact its stock value and liquidity.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's continued operation as a publicly traded entity.

Key Numbers

• 001-41494 — SEC File Number (Identifies the company's filing with the SEC.)
• 87-3941448 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• Yoshiharu Global Co. (company) — Registrant
• August 21, 2024 (date) — Earliest event reported
• August 23, 2024 (date) — Filing date
• Delaware (jurisdiction) — State of incorporation
• Buena Park, CA (location) — Principal executive offices
• 5812 (sic_code) — Standard Industrial Classification for Retail-Eating Places

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A Common Stock, $0.0001 par value YOSH The Nasdaq Stock Mar
• $2,500,000 — ockholders' equity has fallen below the $2,500,000 required minimum for continued listing

Filing Documents

• form8-k.htm (8-K) — 39KB
• 0001493152-24-033720.txt ( ) — 212KB
• yosh-20240821.xsd (EX-101.SCH) — 3KB
• yosh-20240821_lab.xml (EX-101.LAB) — 33KB
• yosh-20240821_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 21, 2024 Yoshiharu Global Co. (Exact name of registrant as specified in its charter) Delaware 001-41494 87-3941448 (State or other Jurisdiction of Incorporation) (Commission File No.) (IRS Employer Identification No.) 6940 Beach Blvd. , Suite D-705 Buena Park , CA 90621 (Address of principal executive offices and zip code) (714) 694-2403 (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.0001 par value YOSH The Nasdaq Stock Market LLC (Nasdaq Capital Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 21, 2024, Yoshiharu Global Co., a Delaware corporation (the "Company"), received a notification letter (the "Letter") from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that its amount of stockholders' equity has fallen below the $2,500,000 required minimum for continued listing set forth in Nasdaq Listing Rule 5550(b)(1). The Letter also noted that the Company does not meet the alternatives of market value of listed securities or net income from continuing operations, and therefore, the Company no longer complies with Nasdaq's Listing Rules. Under Nasdaq Listing Rules, the Company has until October 7, 2024 to provide Nasdaq with a specific plan to achieve and sustain compliance with all Nasdaq listing requirements. If Nasdaq accepts the Company's plan for compliance, Nasdaq may grant an extension of up to 180 calendar days from the date of the Letter to evidence compliance. If Nasdaq does not accept the Company's plan to achieve compliance, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel. A hearing request will stay the suspension and delisting of the Company's securities pending the Nasdaq Hearings Panel's decision. The Company is evaluating various courses of action to achieve compliance with Nasdaq Listing Rule 5550(b)(1) . There can be no assurance that the Company will regain compliance with Nasdaq Listing Rule 5550(b)(1) or that the Company will be able meet the continued listing requirements during any compliance period that may be granted by Nasdaq. The Company, by filing this Current Report on Form 8-K, discloses its receipt of the notification from Nasdaq in accordance with Nasdaq Listing Rule 5810(b). Forward-Looking This current report contains "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking "should," "believes," "expects," "anticipates," "estimates," "intends," "plans," "potential," "promise" or similar references to future periods. Examples of forward-looking the deficiency and regain compliance with Nasdaq Listing Rule 5550(b)(1) . Forward-looking current beliefs, expectations and assumptions regarding the future of its business, future plans, strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties, and actual results may differ materially from those set forth in the forward-looking statements. Important factors that could cause actual results to differ include, without limitation, that there can be no assurance that the Company will meet Nasdaq Listing Rule 5550(b)(1) during any compliance period or otherwise in the future, that there can be no

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View this 8-K filing on SEC EDGAR