Yoshiharu Global adds architect to board for expansion

BUENA PARK, Calif. - Yoshiharu Global Co. (NASDAQ: YOSH), known for its authentic Japanese ramen & rolls, has appointed Sungjoon Chae to its Board of Directors, effective last Monday. Mr. Chae, a celebrated architect and urban designer, brings his extensive experience in creating sustainable and innovative spaces to the company as it seeks to broaden its reach.

Chae’s background includes significant roles with top architectural firms, contributing to a variety of high-profile projects around the globe. His work includes the ’Meander’ apartment complex in Helsinki and the master plan for the U.S. Embassy in New Delhi. With degrees from Harvard Graduate School of Design and the Illinois Institute of Technology, Chae’s expertise lies in merging aesthetics with practicality in urban design.

James Chae, President, CEO, and Chairman of Yoshiharu, expressed confidence that Sungjoon Chae’s unique blend of design and business acumen will be a considerable asset for the company’s expansion plans. Notably, Mr. Chae will not receive compensation for his role on the board and is not related to any current director or executive officer of the company.

Yoshiharu has made a name for itself as a leading ramen restaurant in Southern California, quickly gaining recognition after its 2016 debut. The company currently operates 15 restaurants across Southern California and Las Vegas. This board appointment comes as part of Yoshiharu’s strategy to extend its culinary and geographical footprint.

The company’s forward-looking statements indicate ambitions to strengthen its market position and leadership. However, Yoshiharu acknowledges the inherent risks and uncertainties in such projections, as detailed in its SEC filings. The information presented in this article is based on a press release statement from Yoshiharu Global Co.

In other recent news, Yoshiharu Global Co. has secured $1.9 million from various investors to meet Nasdaq’s minimum stockholders’ equity requirement, following a notice of non-compliance with the Listing Rule 5550(b)(1). The company arranged private placements and securities subscription agreements, aiming to meet the $2.5 million equity threshold before an appeal hearing on April 1, 2025. This move comes after a delisting notice from Nasdaq due to the company’s failure to maintain the required equity, with a potential suspension of its securities. The company plans to appeal the decision, although the outcome remains uncertain.

Additionally, Yoshiharu Global recently experienced a change in its Board of Directors with the resignation of independent director Jay Kim, who left without citing conflicts or disagreements. This resignation leaves a vacancy on the Board, which the company has yet to fill. In December 2024, the company held its annual stockholders’ meeting, re-electing several board members and approving key proposals related to common stock issuance. These approvals include significant equity transactions that align with Nasdaq Listing Rule 5635, supporting Yoshiharu Global’s financing strategies.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.