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BREA, Calif. - Vestand Incorporated (NASDAQ:VSTD), a global investment platform with a market capitalization of $25.42 million, announced Thursday it has signed an agreement to acquire a controlling stake in AI Mindbot Equity for approximately $6.4 million through its wholly owned subsidiary, Vestand Korea Company Limited. The stock has shown remarkable momentum, gaining over 35% in the past week according to InvestingPro data.
Upon completion of the transaction, Vestand Korea will own approximately 89% of AI Mindbot Equity, which is reportedly the largest shareholder of Kosdaq-listed Xcure Corp., a provider of smart card and mobile security platform technology.
The acquisition establishes a connection between crypto treasury markets in the United States and South Korea, according to the company’s press release statement.
As part of the agreement with Hyper Corporation, four of Xcure Corp.’s seven current directors will be replaced with individuals designated by Vestand Korea at an extraordinary shareholders’ meeting scheduled for November 7, 2025.
Ji-Won Kim, CEO of Vestand, described the acquisition as "an inflection point for Vestand to fully implement its global crypto treasury strategy." The company’s financial health metrics deserve attention, with a current ratio of 0.57 indicating potential liquidity challenges. Subscribers to InvestingPro can access 8 additional key insights about Vestand’s financial position and growth prospects.
The company plans to utilize digital assets centered on Ethereum beyond simple holding, incorporating them into capital structure and financial product design, while also promoting real-world asset-based security token offerings.
South Korea represents one of the world’s largest cryptocurrency markets, with approximately 16 million investors having experience in cryptocurrency investment, according to information provided in the company’s announcement.
Vestand indicated it will begin Ethereum treasury operations and plans to expand its digital asset holdings through additional capital raising in global markets.
The transaction details are available in Vestand’s 8-K filing with the Securities and Exchange Commission.
In other recent news, Yoshiharu Global Co. has announced several significant developments. The company secured a $4.4 million investment from the Open Innovation Fund, an overseas investment fund, to support its expansion into real estate investment and development. Additionally, Yoshiharu received $6 million in strategic funding from U.S. and Korean investors, facilitating its transition into a PropTech company. As part of this strategic shift, the company plans to change its corporate name to Vestand Inc., a move approved by its Board of Directors. Furthermore, Yoshiharu’s board and stockholders have approved a 4-for-1 forward stock split of its Class A and Class B common stock, effective after market close on July 30, 2025. The company is also relocating its headquarters to Brea, California, and updating its corporate website. These developments indicate a significant transformation for the company as it diversifies beyond its traditional restaurant operations.
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