Yoshiharu Global Co. Announces Pricing of Upsized Initial Public Offering
09 Septembre 2022 - 1:53AM
Yoshiharu Global Co. (Nasdaq: YOSH) (“Yoshiharu”, or the
“Company”), a California-based restaurant operator, today announced
the pricing of its upsized initial public offering of its Class A
common stock at a public offering price of $4.00 per share.
Yoshiharu is offering 2,940,000 shares of its Class A common stock
and has granted the underwriters a 45-day option to purchase up to
an additional 441,000 shares of Class A common stock at the initial
public offering price less the underwriting discounts and
commissions, to cover over-allotments, if any. The shares are
expected to begin trading on the Nasdaq Capital Market on September
9, 2022 under the ticker symbol “YOSH” and the offering is expected
to close on or about September 13, 2022, subject to satisfaction of
customary closing conditions.
EF Hutton, division of Benchmark Investments,
LLC, is acting as sole book-running manager for the offering.
A registration statement on Form S-1 relating to
the offering has been filed with, and declared effective by, the
U.S. Securities and Exchange Commission on September 8, 2022, and a
registration statement on Form S-1MEF was filed with the SEC on the
same date and became effective upon filing. The offering is being
made only by means of a prospectus. Copies of the final prospectus
may be obtained, when available, from EF Hutton, division of
Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New
York, NY 10022, Attention: Syndicate Department, or via email at
syndicate@efhuttongroup.com or telephone at (212) 404-7002.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of the
securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Yoshiharu Global
Co.Yoshiharu is a fast-growing restaurant operator and was
borne out the idea of introducing the modernized Japanese dining
experience to customers all over the world. Specializing in
Japanese ramen, Yoshiharu gained recognition as a leading ramen
restaurant in Southern California within six months of their 2016
debut and has continued to expand their top-notch restaurant
service across Southern California, currently owning and operating
8 restaurants with an additional 1 in development.
For more information, please
visit www.yoshiharuramen.com.
Forward Looking StatementsThis
press release contains statements that constitute “forward-looking
statements”, including with respect to the proposed initial public
offering and the anticipated use of the net proceeds. No assurance
can be given that the offering discussed above will be completed on
the terms described, or at all, or that the net proceeds of the
offering will be used as indicated. Forward- looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
preliminary prospectus for the Company's offering filed with the
SEC. Copies of these documents are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
For further information, please
contact:
Yoshiharu Global Co.ir@yoshiharuramen.com
Yoshiharu Global (NASDAQ:YOSH)
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