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Yoshiharu Global Co. (NASDAQ:YOSH) ("Yoshiharu" or the "Company"), a restaurant operator specializing in authentic Japanese ramen & rolls, today announced that its Board of Directors authorized the stockholders approved issuance of a stock dividend to effect a 4-for-1 forward stock split (the "Forward Stock Split") of the Company's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), and Class B Common Stock ("Forward Stock Split"), whereby for each share of Common Stock held, the holder will receive three additional shares in the respective class.
The Forward Stock Split is intended to encourage interest in our Class A Common Stock and possibly promote greater liquidity for our stockholders.
At the Effective Time of the Forward Stock Split, each holder of one share of Class A Common Stock outstanding on July 28, 2025, the record date for the stock split, will receive a dividend of three additional shares of common stock for each then-held share. The additional shares of common stock are expected to be distributed after market close on July 30, 2025, with no change to the par value of $0.001 per share. The Common Stock will continue to trade on The Nasdaq Capital Market under the symbol "YOSH" and will begin trading on a post-split basis when the market opens on July 31, 2025.
Posted In: YOSH
