Yoshiharu Global Co (NASDAQ:YOSH) shares are trading lower by 38% to $5.69 Thursday afternoon amid ongoing volatility in recent sessions. The company recently effected a 1-for-10 reverse stock split for its Class A and Class B common stock. Trading began on a post-split basis Tuesday.
The company implemented the stock split to comply with Nasdaq's rules and maintain its listing status. The adjustments also affected equity awards, warrants and related agreements linked to the stock.
Fractional shares were rounded up, but the total authorized shares remained unchanged.
What Else?
Yoshiharu Global also recently disclosed its acquisition of Las Vegas restaurant assets for $3.6 million, with plans to finalize the deal by the end of 2023. The intention behind the acquisition is to merge their Japanese cuisine with the newly acquired restaurants' offerings, foreseeing an 80% revenue surge by opening four additional establishments in early 2024.
The company aims to manage a total of 13 restaurants by the year's end, utilizing this expansion to solidify its presence in Las Vegas and drive significant financial growth.
James Chae, the President and CEO of Yoshiharu, emphasized the strategic importance of these acquisitions, anticipating increased revenue, especially during seasonal and holiday periods.
See Also: If You Invested $1,000 In Tesla Inc Stock When The Cybertruck Was Unveiled, Here's How Much You'd Have Today
According to data from Benzinga Pro, YOSH has a 52-week high of $25.90 and a 52-week low of $2.96.
由於最近幾個交易日持續波動,週四下午,Yoshiharu Global Co(納斯達克股票代碼:YOSH)股價下跌38%,至5.69美元。該公司最近對其A類和B類普通股進行了1比10的反向股票拆分。週二在拆分後的基礎上開始交易。
該公司實施股票分割是爲了遵守納斯達克的規則並維持其上市地位。調整還影響了股票獎勵、認股權證和與股票相關的協議。
零股四捨五入,但授權股份總額保持不變。
還有什麼?
Yoshiharu Global最近還披露了以360萬美元收購拉斯維加斯餐廳資產,並計劃在2023年底之前完成交易。此次收購的目的是將他們的日本料理與新收購的餐廳產品合併,預計到2024年初再開設四家餐廳,收入將增長80%。
該公司的目標是到年底管理總共13家餐廳,利用此次擴張來鞏固其在拉斯維加斯的影響力並推動顯著的財務增長。
Yoshiharu總裁兼首席執行官詹姆斯·蔡強調了這些收購的戰略重要性,預計收入將增加,尤其是在季節性和假日期間。
另見:如果你在Cybertruck上市時投資了1,000美元購買了特斯拉公司的股票,那麼你今天會有多少錢
根據Benzinga Pro的數據,YOSH的52周高點爲25.90美元,52周低點爲2.96美元。