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Investing.com -- Yoshiharu Global Co. (NASDAQ:YOSH) stock surged 12.4% after the company announced it has secured a $4.4 million investment from the Open Innovation Fund, an overseas investment fund.
The company said the funding will primarily support its expansion into real estate investment and development as it seeks to establish a new growth engine beyond its core restaurant operations.
The investment comes in the form of a convertible note carrying a 7.0% annual interest rate with a 3-year maturity. The note will be secured by a subordinated lien on the company’s interest in any real property acquired with the proceeds.
"This investment is more than just capital — it represents a meaningful step in Yoshiharu’s evolution as a company," said Ji-Won Kim, CEO of Yoshiharu Global. "We look forward to creating long-term value through strategic expansion and a renewed focus on sustainable growth."
According to the company, this investment marks a key milestone in Yoshiharu’s long-term strategy to transition toward an asset-backed revenue model. The company is also working to restructure its existing food and beverage business to improve profitability while diversifying its portfolio.
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