Summary by Moomoo AI
Yoshiharu Global Co. has filed with the U.S. Securities and Exchange Commission (SEC) on April 19, 2024, to register 237,885 shares of Class A common stock for potential sale. This move comes as part of a Securities Purchase Agreement with Alumni Capital LP, where Yoshiharu Global has the discretion to sell up to $5 million in shares to Alumni Capital. The shares may be sold at market prices or through negotiated transactions, and the selling stockholder may sell all or part of the shares. The registration allows Yoshiharu Global to raise capital for working capital, strategic, and general corporate purposes. The company has not disclosed specific plans for the use of proceeds beyond these general categories. The shares being registered include 24,950 Commitment Shares issued to Alumni Capital as part of the agreement, with the remaining shares potentially sold to Alumni Capital over time, subject to market conditions and other factors.